LFS00AC1 Questions On Foundation Studies: Accounting 1 - Assessment Test 4

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Question 2 (28 marks)

Sally’s Boutique has provided you with the following extract of their accounting information at 30 June 2020:


  1. Complete the Income Statement for Sally’s Boutique for the year ended 30 June 2020
  2. Complete the Owner’s Equity extract of the Balance Sheet as at 30 June 2020

Note - You must include headings and all relevant sub-total and totals in your reports.

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