Posted by: Pdfprep
Post Date: April 26, 2021
CORRECT TEXT
Refer to the Exhibit.
The following totals appear in a company’s daybooks for the month of May. VAT is recoverable on all purchases which were in respect of goods for resale.
Opening inventory was £350,00 and closing inventory was $37,500.
The gross profit for the period was
Answer: $167490
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