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Particulars To Cost of goods sold To Administrative Expenses To Selling expenses To net profit 2004 12,000 400 600 3,000 16,000 2005 15,000 By Net Sales 400 800 Particulars 3,800 20,000 2004 2005 16,000 20,000 16,000 20,000

Particulars To Cost of goods sold To Administrative Expenses To Selling expenses To net profit 2004 12,000 400 600 3,000 16,000 2005 15,000 By Net Sales 400 800 Particulars 3,800 20,000 2004 2005 16,000 20,000 16,000 20,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Particulars To Cost of goods sold To Administrative Expenses To Selling expenses To net profit 2004 12,000 400 600 3,000 16,000 2005 15,000 400 800 3,800 20,000 Particulars By Net Sales 2004 2005 16,000 20,000 16,000 20,000
Transcribed Image Text:Particulars To Cost of goods sold To Administrative Expenses To Selling expenses To net profit 2004 12,000 400 600 3,000 16,000 2005 15,000 400 800 3,800 20,000 Particulars By Net Sales 2004 2005 16,000 20,000 16,000 20,000
From the following Profit and Loss account prepare a Common Size Income Statement.
Transcribed Image Text:From the following Profit and Loss account prepare a Common Size Income Statement.
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