Profit or Loss Statement Practice Question
This question has been extracted from the G.C.E O/L Grade 11 test book – Activity 04 page no. 58
The following figures have been extracted from the business of Malee for the year ended 31.12.20xx.
All the goods purchased have been sold.
Required: Prepare the Profit or Loss Statement for the year ended 31.12.20xx.
* All the goods purchased have been sold refers to no closing stock as at 31.12.20xx.