Question: Question 1. 20 Marks Rawson Traders Ltd commenced operations on the 1st of July 2023. He presented its first statement of profit and loss, other

Question 1. 20 Marks

Rawson Traders Ltd commenced operations on the 1st of July 2023. He presented its first statement of profit and loss, other comprehensive income, and the first statement of position on the 30th of June 2024. The statements are prepared before considering taxation. The following information is available.

Statement of profit and loss and other comprehensive income for the year ended 30th of June 2024.

Prepared by Prof Indra Abeysekera 22 March 2024

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