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Entity HJ is a small business.

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Entity HJ is a small business. In the period. Entity Hj earned revenue of £24,300, had opening inventories of £1,500 and closing inventories of £8,000. Purchases came to £13,200.

What was Entity Hj's gross profit or loss for this period?

A.

£17,600 profit

B.

£6,700 loss

C.

£17,600 loss

D.

£6,700 profit

E.

£31,000 profit

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A company has profit before tax and dividends of £500000.
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