Yellow Sharpener is a stationery shop. The following information relates to the year ended ...
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Yellow Sharpener is a stationery shop. The following information relates to the year ended March X: Opening inventory: C Closing inventory: C Purchases: C General expenses: C Cash sales: C The stock count revealed that there were no stock shortages during the period. The business has always calculated selling prices using an expected gross profit percentage of You are required to: Calculate the gross profit and the credit sales for the year ended March X Ignore VAT.
Yellow Sharpener is a stationery shop. The following information relates to the year ended
March X:
Opening inventory: C
Closing inventory: C
Purchases: C
General expenses: C
Cash sales: C
The stock count revealed that there were no stock shortages during the period.
The business has always calculated selling prices using an expected gross profit
percentage of
You are required to:
Calculate the gross profit and the credit sales for the year ended March X
Ignore VAT.
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