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The following information relates to Mumbai Traders: Balances/totals at 28 February 2022: Inventory (1 March 2021) R20 000 Purchases Purchases returns Import duty Sales Sales
The following information relates to Mumbai Traders: Balances/totals at 28 February 2022:
Inventory (1 March 2021) R20 000
Purchases
Purchases returns
Import duty
Sales
Sales returns
Carriage on sales
Carriage on purchases Inventory (28 February 2022)
Required
106 000 6 000 10 000 175 000 5 000
4 800 7 200 25 000
1. Use the information given above to calculate the COST OF SALES of Mumbai Traders on 28 February 2022.
2. Calculate the GROSS PROFIT on 28 February 2022
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How To Win Your Tax Audit An Insider Guide To Successfully Negotiating With The IRS Chronicled From The Files From The Files Of The Nations Most Successful And Respected Taxpayers Rights Advocate
Authors: Daniel J Pilla
1st Edition
1884367097, 978-1884367090
