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2 years ago

Prepare a Trading Account from the following particulars for the year ended 31st March 2017:-

Business

1 answer:

Kisachek [45]2 years ago

4 0

The Trading Account from the following particulars for the year ended 31st March 2017 is $2,364,000.

Trading Account

Opening Stock $250,000 Sales $1,800,00

Add Purchases $700,000 Less Sales return ($36,000)

Less Return ($22,000) Closing Stock is valued $600,000

Wages $206,000

Carriage Inward $34,000

Manufacturing Expenses $248,000

Gas, Fuel and Power $75,000

Factory Lighting $96,000

Dock Charges $8,000

Gross profit $769,000

($250,000+$700,000-$22,000+$206,000+$34,000+$248,000+$75,000+$96,000+$8,000-$2,364,000)

Total $2,364,000 Total $2,364,000

Inconclusion the trading account from the following particulars for the year ended 31st March 2017 is $2,364,000.

Learn more about trading account here:brainly.com/question/17727564

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