ABC LCC sells its products on a gross profit of 20% on sales. The following information Is extracted from its annual accounts for the year ended 31st March 2020. Sales (3months credit) Raw materials Wages (15 days in arrears) Manufacturing expenses (one month in arrears) Administration expenses (one month in arrears) Amount $ 40,00,000 12,00,000 9,60,000 12,00,000 480.000
ABC LCC sells its products on a gross profit of 20% on sales. The following information Is extracted from its annual accounts for the year ended 31st March 2020. Sales (3months credit) Raw materials Wages (15 days in arrears) Manufacturing expenses (one month in arrears) Administration expenses (one month in arrears) Amount $ 40,00,000 12,00,000 9,60,000 12,00,000 480.000
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 63P
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