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Bags R Us Ltd
P&L Account for Bags R Us, year ended 31st March 2008.
$
Sales ($35 * 3,000)
105,000
Opening stock
15,000
Purchases
50,000
less Closing Stock
20,000
Cost of Goods Sold
45,000
Gross Profit
60,000
gaining comparatively at someone else''s expense
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