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QUESTION
QUESTION 1(20 MARKS)
PG STORESSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2019RSalesCost of sales(700 000)Gross profitOther operating incomeRent incomeDiscount received2 000Gross operating incomeOperating expensesWages123 000Bank charges1 000Packing materials37 000Advertising18 000Rates7000Bad debtsDiscount allowed1 000StationeryWater and electricity9000InsuranceTelephoneOperating profitInterest incomeInterest expenseNet profit for the year
