Patricia Green's Organic Fruit and Vegetable Stall

Preparing Simple Financial Statements

Scene 47 / of 60

Preparing the Income Statement - Establishing Cost of Sales

The cost of sales must be deducted from the income generated during the period. Select any items that should be included in "cost of sales"


Account DEBIT CREDIT
Bank Account 2050  
Capital Account   2000
Creditor - Retail Displays Account   300
Equipment Account 300  
Furniture Account 200  
Insurance Account 180  
Purchases Account 600  
Rent Account 150  
Sales Account   1180
  3480 3480


Income from Sales:    
   Sales 1180  
   Net Sales:
 		   1180



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