Question
The following balances were extracted from the records of Toby Trading for 2021. $ Inventory, 1 January 2021 19,296 Inventory, 31 December 2021 27,278 Sales
The following balances were extracted from the records of Toby Trading for 2021. $ Inventory, 1 January 2021 19,296 Inventory, 31 December 2021 27,278 Sales returns 21,470 Purchases returns 20,640 Sales revenue 240,310 Carriage outwards 11,745 Purchases 128,500 Custom duties 130 Carriage inwards 9,125 How much is the gross profit amount for Toby Trading?
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Fundamental Cornerstones Of Managerial Accounting
Authors: Dan L. Heitger, Maryanne M. Mowen, Don R. Hansen
1st Edition
0324378068, 9780324378061
