Abby Lee is a trader who sells all of her goods at 35% above cost. Her books
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Abby Lee is a trader who sells all of her goods at 35% above cost. Her books give the following information at 31 December 2024:
Prepare the trading account section of the Income Statement for Abby Lee for 2024.
Transcribed Image Text:
Inventory 1 January 2024 Inventory 31 December 2024 Sales for year 10,670 11,830 95,850
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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