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You are tasked with preparing a Statement of Profit or Loss for your organisation. Which of the following best represents the correct order for items
You are tasked with preparing a Statement of Profit or Loss for your organisation. Which of the following best represents the correct order for items appearing in this Statement?
a.
Revenue, Cost of sales, Operating profit, Tax expense, Gross profit
b.
Revenue, Cost of sales, Gross profit, Tax expense, Operating profit
c.
Revenue, Gross profit, Cost of sales, Tax expense, Operating profit
d.
Revenue, Operating profit, Cost of sales, Tax expense, Gross profit
e.
Revenue, Cost of sales, Gross profit, Operating profit, Tax expense
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