The following data relate to the year-end balances for the business of J Fowler. From this data construct the income statement for the year ended 31 March 2018.
|
£ |
|
|
Sales |
56,490 |
|
Purchases |
24,654 |
|
Opening inventory |
8,903 |
|
Closing inventory |
6,563 |
|
Returns inwards |
321 |
|
Returns outwards |
450 |
|
General expenses |
3,190 |
|
Commission received |
2,100 |
|
Maintenance expenses |
1,340 |
|
Wages |
23,000 |
|
Office expenses |
995 |