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Goggle Limited Has the Following Figures in Its Statement of Profit

question 12

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Goggle Limited has the following figures in its statement of profit or loss for the year ended 31 October 2019:
£ Gross profit 84,000 Administration expenses 24,000Bank overdraft interest 600 Bank loan interest 2,400 Selling and distribution costs 21,000 Profit before taxation 36,000 Taxation 9,000\begin{array}{ll}& £ \\\text { Gross profit } &84,000 \\\text { Administration expenses } &24,000 \\\text {Bank overdraft interest } &600 \\\text { Bank loan interest } &2,400 \\\text { Selling and distribution costs } &21,000 \\\text { Profit before taxation } &36,000 \\\text { Taxation } &9,000\end{array}


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