Question: Relevant information for AAC Ltd Year Ended 31/12/2022 GH Return Inwards 12,000 Carriage Inwards 4,000 Discount received 32,000 Sales 840,000 Purchases 500,000 Rent Expense

Relevant information for AAC Ltd Year Ended 31/12/2022 GH Return Inwards 12,000

Relevant information for AAC Ltd Year Ended 31/12/2022 GH Return Inwards 12,000 Carriage Inwards 4,000 Discount received 32,000 Sales 840,000 Purchases 500,000 Rent Expense 6,000 Salaries and Wages 24,000 Opening Stock 6,000 Return Outwards 20,000 Furniture Repairs 4,000 Depreciation 3,000 Closing Stock 18,000 Transport 8,000 Vehicle Repairs 5,000 Required Prepare a Trading Profit and Loss Account and determine the following Cost of Sales Gross Profit Total Expenses Net Profit

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