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Statement of Profit and Loss Statement of Profit and Loss E19.2Statement of profit and loss for B Good for the year ended 31 March 20X3££Sales revenue189,560Returns inward(560)189,000Cost of goods soldOpening inventory28,590Purchases125,560Carriage inwards200Returns outward(302)125,458154,048Closing inventory(35,650)118,398Gross profit70,602Rent income30070,902Less: expensesSalaries4,980General expenses1,200Motor expenses569Office expenses560Telephone1,250Rates1,000Carriage outward546Insurance525Rent2,00012,630Profit for the year58,272Statement of financial position for B. Good as at 31 March 20X3ASSETSNon-current.
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Sales Revenue189,560ReturnsStatement Of ProfitYear58,272Statement Of Financial Position