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You have the following information, and you are required to answer the missing amounts. TESCO ASDA Sales revenues A 100,000 Sales return and allowances 3,000
You have the following information, and you are required to answer the missing amounts. TESCO ASDA Sales revenues A 100,000 Sales return and allowances 3,000 20,000 Sales discount 8,000 E Net sales B F 30,000 Cost of goods sold Gross profit 55,000 27,000 G 6,000 7,000 Operating expense Income from operation Other income and expenses H D (3,000) Net income 22,000 10.000
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