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SOS TQ The following balances were extracted from the books of Alice Co. on the 31 August 2018: $ Sales 102,500 Gross profit 25,470 Sales
SOS TQ
The following balances were extracted from the books of Alice Co. on the 31 August 2018:
$ |
Sales | 102,500 |
Gross profit | 25,470 |
Sales returns | 45,470 |
Purchases | 39,600 |
Inventory at 1 Sept 2017 | 7,543 |
Carriage on purchases | 1,010 |
Carriage on sales | 8,600 |
Import duties | 545 |
Discount received | 2,100 |
Discount allowed | 4,850 |
Inventory at 31 August 2018 | 5,790 |
Calculate the amount of purchases returns as at 31 August 2018.
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