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Statement of Profit / Loss

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Statement of Profit / Loss

  • This topic has 0 replies, 1 voice, and was last updated 10 years ago by abi.
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  • November 22, 2014 at 1:25 pm #212184
    abi
    Member
    • Topics: 9
    • Replies: 8
    • ☆

    Please could somebody help me to solve how to adjust these heading under statement of Profit / Loss. Please ignore the values they are random but I just want to know how they are treated in the right way?

    Sales(Revenue) – 80000
    Sales Return(Return Inward) – 5000
    Opening Inventory – 40000
    Purchases – 42000
    Carriage Inward – 2000
    Discount Received – 1000
    Closing Inventory – 60000
    Purchase Return – 2000
    Carriage outward -1500
    Discount allowed – 500
    Increase in allowance for receivables- 4000
    Depreciation – 2000
    Irrecoverable Debts – 3500

    Thanks

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