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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?
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