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.
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