Prepare the revenue section of the income statement

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Reference no: EM131341096

Tuck Ltd made gross sales of EUR 100,000 during February 2005. Sales returns and allowances were EUR 8,000. Cash discounts granted were EUR 4,000.

(a) Analyse the impact of these transactions on the accounting equation.

(b) Prepare the revenue section of the income statement.

Reference no: EM131341096

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