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Prepare the statement of profit or loss for the year ended 31 December 2019 and the statement of financial position at that date for Maya McGreary’s business.

Accounting

The assignment is included in the attached documents.
• Prepare the statement of profit or loss for the year ended 31 December 2019 and the statement of financial position at that date for Maya McGreary’s business.

Maya is investigating an opportunity to enter the perfume market and has carried out some market research, as well as preparing some financial data relating to the coming year ending 31 December 2020.

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