Complete this table by filling in the missing amounts: No. 1 2 3 4 5 6 Opening
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Complete this table by filling in the missing amounts:
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No. 1 2 3 4 5 6 Opening inventory R1 200 R3 500 R2 100 R3 120 ? R350 Purchases for the period R8 900 R7 300 R10 450 ? R1 370 R5 240 Sales for the period R14 700 ? R16 800 ? R15 000 R8 380 Closing inventory R1 100 R4 100 R4 700 R2 350 R2 160 ? Gross profit ? R4 200 ? R5 600 R4 300 R3 700 Mark-up% ? ? ? 20 ? ?
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Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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