Calculate the gross profit for the year ended 28 Feb: info: Opening inventory 400 000 Sales 2
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Question:
info:
Opening inventory 400 000
Sales 2 400 000
Sales return 80 000
Cash purchase 1 000 000
Credit purchase 772 000
Purchases returns 60 000
carriage on purchase 48 000
carriage on sales R72 000
added info: A physical count of merchandise on 28 Feb 2021 revealed and inventory figure of 560 000 at cost price.
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Poreticulass TO OBX Invertory To Purchases 1000000772000 cash Credit Purchase Retur... View the full answer
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