Prepare the trading account, Accounting Standards

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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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