Prepare Income Statement for the year ending 31st March 2021 from the books of Mr Abdullah Stock (31 March 2020) 15,000 Carriage outwards 4,000 Purchases 165,000 Wages 30,000 Purchases return 10,000 Sales returns 5,000 Postage 3,000 Salaries 20,000 Discount received 5,000 Stationeries 2,000 Bad deb...

To prepare an Income Statement we need to categorize the given items into revenue and expense accoun ...

Prepare Income Statement for the year ending 31st March 2021 from the books of Mr. Abdullah. Stock

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Prepare Income Statement for the year ending 31st March 2021 from the books of Mr. Abdullah.

Stock (31. March.2020) 15,000
Carriage outwards 4,000
Purchases 165,000
Wages 30,000
Purchases return 10,000
Sales returns 5,000
Postage 3,000
Salaries 20,000
Discount received 5,000
Stationeries 2,000
Bad debts 1,000
Interest 8,000
Sales 300,000
Insurance 4,000
Stock (31.March.2021) 80,000

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Cost Accounting

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14th edition

Authors: William K. Carter

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Posted Date: Apr 29, 2023 01:35 PM

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Prepare Income Statement for the year ending 31st March 2021 from the books of Mr. Abdullah. Stock

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Cost Accounting

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