From the extract general ledger accounts of H Mercure (see figure 9.34), prepare an income statement for
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From the extract general ledger accounts of H Mercure (see figure 9.34), prepare an income statement for the year ended 31 March 2022, where accounts are not grouped under headings.
Transcribed Image Text:
Inventory [opening] Purchases Trading 1 200 Sales 11 960 Inventory [closing] Profit and Loss [gross pr] 10 840 24 000 22 900 1 100 24 000 Wages Office Expense Vehicle Expense Capital [net profit] Profit and Loss 5 152 Trading (gross profit] 267 Other Revenue 585 6346 12 350 10 840 1510 12 350
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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