Question: ated below is information for Ramadan Sweets for the year ended 31 March 2022. articular Cost of goods sold Salaries and wages expense Freights-out Insurance
ated below is information for Ramadan Sweets for the year ended 31 March 2022. articular Cost of goods sold Salaries and wages expense Freights-out Insurance expense Owner's Capital Interest expense Interest revenue AED Particular AED 316,000 Rent Expenses 32,000 42,400 Sales Discount 1,230 3,200 Sales Return and allowances 2,600 4,750 Sales Revenue 766,800 680,000 Other comprehensive income 12,650 12,450 Loss on disposal of plant assets 3,450 4,650 Bank loans 250,000 REQUIRED: a. Prepare an income statement (4 mar b. Prepare a comprehensive income statement
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