The following information is given for the year ended 30 April 20*8 for Viv: gross profit 45,892;
Question:
The following information is given for the year ended 30 April 20*8 for Viv:
gross profit £45,892; wages £27,769; rent and rates £6,000; insurances £4,575; motor expenses £7,814; general expenses £2,390.
Required
Prepare a profit and loss account for the year ended 30 April 20*8
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