Question

during the current year, green bay company earned a gross profit of $350000, where as new england company earned a gross profit of only $280000. both companies had net sales of $900000. does this mean that green bay is more profitable than new england? explain​

Answer 1

Here is ur Answer ⤵️

The entries made in the 'books of head office' to incorporate branch trial balance are different revenue items of the branch in regards to trading the Profit and Loss Account is prepared. The asset and liabilities are shown.

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