Question: Please answer only without steps of solving!! From the following balances you are required to prepare an income Statement and answer the following questions. Account

Please answer only without steps of solving!!

you are required to prepare an income Statement and answer the following

questions. Account details Amount in OMR Sales 5250 Purchases 4100 Purchase returns

100 Sales returns 250 Opening stock 1000 Closing stock 1500 Wages 250

Salaries 300 200 100 Rent expenses Office expenses Discount received Commission received

From the following balances you are required to prepare an income Statement and answer the following questions. Account details Amount in OMR Sales 5250 Purchases 4100 Purchase returns 100 Sales returns 250 Opening stock 1000 Closing stock 1500 Wages 250 Salaries 300 200 100 Rent expenses Office expenses Discount received Commission received 150 200 Q1. What is the amount of net sales? OMR 5000 OMR 10000 OMR 15000 OMR 50000 Q2. What is the amount of Gross profit: OMR 2250 OMR 2500 OMR 1250 OMR 12500 Q3. What is the amount of total indirect expenses? OMR 300 OMR 6000 OMR 600 OMR 1200 Q4. What is the amount of indirect revenues? OMR 250 OMR 350 OMR 700 OMR 3500 . 05. What is the amount of net profit OMR 1500 OMR 500 OMR 10000 OMR 1000

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