Change in amount between two years and percentages to be shown invidually for all lines Particulars20022003R RO.Net Sales4,0005,000Les: Coat of Goods Sold3,7503,000Gross Profit1,0001,000Lesw: Operating Expenses:Office & Administrative Expenses200250Selling & Distribution Expenses225300Total Operating Expenses425550Net Profit575700

Formula: Change in amount = 2003 amount - 2002 Amount

Answered: Change in amount between two years and…

Business

Accounting

Change in amount between two years and percentages to be shown invidually for all lines

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Change in amount between two years and percentages to be shown invidually for all lines

Particulars
2002
2003
R RO.
Net Sales
4,000
5,000
Les: Coat of Goods Sold
3,750
3,000
Gross Profit
1,000
1,000
Lesw: Operating Expenses:
Office & Administrative Expenses
200
250
Selling & Distribution Expenses
225
300
Total Operating Expenses
425
550
Net Profit
575
700

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