Question
The financial information of XYZ Ltd is presented below Sales return and allowance $23 000 Operating expenses 80 000 Cost of Sales 68 000 Sales
The financial information of XYZ Ltd is presented below
| Sales return and allowance | $23 000 |
| Operating expenses | 80 000 |
| Cost of Sales | 68 000 |
| Sales discount | 7 000 |
| Sales revenue | 250 000 |
Required:
Calculate gross profit? (2 mark)
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Harold Cecil Edey A Collection Of Unpublished Material From A 20th Century Accounting Reformer
Authors: Martin E. Persson
1st Edition
1789736706, 9781789736700
