Question

7. Find out merchandise cost, gross profit and net income from the
Purchases (3,000 articles)
Freight
Local taxes
Salaries
Shop rent
Godown rent
50,000 Electricity charges
3,000/Municipal taxes
2,000 Stationery
5,000/Furniture (estimated life 5 years)
1,000 Sales (2,700 articles)
1,000
1,200
400
500
24,000
64,000​

Answer 1

Answer:

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