Statement of comprehensive income for the year ended 31 December 2006

Statement of comprehensive income for the year ended 31 December 2006

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Statement of comprehensive income for the year ended 31 December 2006 ($) ($) Sales 316,810 Less: Cost of sales Opening stock 25,689 Add: purchase 201,698 227,387 Less: closing stock 29,142 198,245 Gross profit 118,565 Less: expenses Depreciation of machinery 5,500 General expenses 32,168 Wages and salaries (34,207+581) 34,788 Interest (20,000-10,500)
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Unformatted text preview: 9,500 Rent (4,300-300) 4,000 Electricity 1,549 Bad debts 748 Provision for doubtful debts (938-861) 77 Impairment loss 10,000 98,330 Profit for the year 20,235 Other comprehensive income for the year Gain on revaluation 4,033 Total comprehensive income for the year 24,268...
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