The following data relates to the accounts of L Katz for the year ended 31 December 2013.
Question:
The following data relates to the accounts of L Katz for the year ended 31 December 2013.
Calculate the amounts to be deducted from the year’s gross profit.
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Amounts paid Rent Insurance Wages Additional information: Rent Insurance Wages 500 245 1,280 As at 31 Dec 2012 Balance owing 74 Balance prepaid 18 Balance owing 94 As at 31 Dec 2013 Balance owing 56 Balance owing 11 Balance prepaid 130
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Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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