Prepare the trading account, Accounting Standards

Prepare the Trading Account from the subsequent figures:

Opening Stock

40,000

Power

6,000

Purchases

1,80,000

Octroi

11,000

Carriage Inward

4,000

Freight

8,000

Wages

42,000

Sales

3,20,000

Return Outwards

7,000

Sales Return

10,000

Closing Stock Rs. 60,000

2) How is Purchases various from Net Purchases?

3) How are Net Sales various from Sales?

Posted Date: 4/3/2013 6:21:55 AM | Location : United States







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