FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Particulars
To Cost of goods
sold
To Administrative
Expenses
To Selling
expenses
To net profit
2004
12,000
400
600
3,000
16,000
2005
15,000
400
800
3,800
20,000
Particulars
By Net
Sales
2004
2005
16,000 20,000
16,000 20,000
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Transcribed Image Text:Particulars To Cost of goods sold To Administrative Expenses To Selling expenses To net profit 2004 12,000 400 600 3,000 16,000 2005 15,000 400 800 3,800 20,000 Particulars By Net Sales 2004 2005 16,000 20,000 16,000 20,000
From the following Profit and Loss account prepare a Common Size Income Statement.
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Transcribed Image Text:From the following Profit and Loss account prepare a Common Size Income Statement.
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