Edexcel IGCSEAccountingGeneral Applications2 Marks
The following extract was taken from the books of Harsha for the year ended 31 March 2020. | | \$ | |:---|:---| | Revenue | 250 000 | | Returns inwards | 5 000 | | Purchases | 180 000 | | Returns outwards | 3 000 | | Carriage outwards | 2 000 | | Opening inventory | 15 000 | | Closing inventory | 18 000 | (d) Calculate the gross profit.
- (d)Calculate the gross profit.[2]
Mark scheme
Marking points from the official mark scheme. The mark or mark type is shown in brackets.
- M1 for Revenue – Returns inwards – Cost of sales (1)
- A1 for 71 000 (1)
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