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Financial Statements of a Sole Trader10 xp
- Financial Statements of a Sole Trader
- Quiz
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Income Statement10 xp
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- Financial Statements of a Sole Trader
- Income Statement
- Statement of Financial Position
- Depreciation
- Errors and Correction
Income Statement
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1. Which of the following item will appear in the Cost of Sales?
2. What is meant by "Profit for the year"?
3. Calculate the Gross Profit using these information: Revenue = $10,000 Cost of Sales = $6,000 Expenses = $2,000