Saturday 30 April 2011

Format for trading account

 Trading account for the year ended30 June 
2010
 $$ $$
Opening stock 200Sales1500 
Purchases1200 Less: returns inwards301470
Less returns outwards400   
 800   
Add: Carriage inwards50   
Add: Duty on purchases50   
Add: Freight on purchases50   
Add: Wages on purchases501050  
Cost of goods available for sale 1250  
Less closing stock, 30 June 2010 400  
Cost of goods sold 850  
Gross profit                        c/d 620 1470
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1 comment:

  1. Kimberly :D30 April 2011 at 04:48

    sorry if it is too long for the space but the ending number should be the same or there is something wrong with the account . :D

    ReplyDelete

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