Please make a financial statement of this question please
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Totals:
Net sales= 95,130
Cost of sales includes
Opening stock + Purchase + carriage on purchase - purchase return - closing stock = 45,760
Gross profit = Net sales - Cost of sales, i.e. 49370
Other incomes and gains will be then added to G.P
And then you need to subtract all the expenses incurred by the business through out the financial period
Total expenses = 18,000
Net profit = 33,320
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so sorry for the dirty hand writing and mistakes.
Gross Profit = 44670
Net Profit = 33320
Capital = 67320
balance sheet total = 86420
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