1) Prudence sells all of her goods at a 50 per cent mark-up on cost. 2. During...
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1) Prudence sells all of her goods at a 50 per cent mark-up on cost.
2. During the year Prudence paid £4,200 of her cash takings into her personal bank account.
3. The wages shown in note were paid to Prudence's daughter; Phillipa, who helps her at the clothes parties. Phillipa also received £3,200 of cheques directly from customers (that is, they were made out to her directly rather than to the business).
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: