ACCT1501 Practice Exam Questions & Solutions 2015S1 11 Part B (7 Marks) Prepare an Income Statement for the year ended 30 June 2014:
Part C (4 Marks)In the Balance Sheet as at 30 June 2014, what would be the closing balance of retained profits? Show all workings.
Closing Balance (1 mark for each item & correct figure )
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