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Question: 1. A company has the following entries on its pro?t and loss statement: Turnover = £20,000, cost of goods sold = £10,000, operating expenses = £2,000, tax paid = £1,000 and pro?t before tax = £5,000. What is interest that has been payable on its loans?

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Accounting Basics, Accounting

Category:- Accounting Basics
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