Please complete the income statement for the year 201617 based upon the information given: Particulars Sales Opening
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Please complete the income statement for the year 2016–17 based upon the information given:
Transcribed Image Text:
Particulars Sales Opening stock Purchases Closing stock Cost of goods sold Gross profit Operating expenses Profit and loss before tax P Limited 12,200 1,700 7,280 1,700 ?? ?? ?? 3,200 (in Thousands) Q Limited ?? 2,340 ?? 4,720 13,400 (2,150) 4,200 ?? R Limited 45,100 8,300 37,180 ?? 38,240 ?? ?? (1,250)
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