Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 3...

Question 1 Report

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

   
Opening stock

Purchase

1000

7000

Sales 8000
Closing Stock 3000

Trading Expenses

Electricity

Salaries

Rent

Depreciations

135

875

180

210

From the figures given, calculate

Gross profit

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