Assume that Company A has a sales revenue of 10 000 for the year. The opening stock

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Assume that Company A has a sales revenue of £10 000 for the year. The opening stock had a value of £2000 and during year the company made purchases of £6000.
What would be the gross profit if the closing stock was valued at:

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Accounting For Non Accounting Students

ISBN: 9780273709220

7th Edition

Authors: John R. Dyson

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Question Posted: May 08, 2024 04:00 AM

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Assume that Company A has a sales revenue of 10 000 for the year. The opening stock

Question:

(a) 1500 (b) 2000 (c) 2500?

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Accounting For Non Accounting Students

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