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From the following information ,prepare a profit and loss account for the year ending 31st marchsalary 12000 carriage outward 2000repairs 300office expenses 500discount received 600apprentice premium 500depreciation 400gross profit 36000discount allowed 1200rent and rates 3200 ,stationary and printing 1000 ,electricity 700,insurance 700 ,interest on loan 450 ,miscellaneous receipts 850 ,bad debts 1200 |
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