Format for trading account

	Trading account for the year	ended	30 June	2010
		$	$		$	$
	Opening stock		200	Sales	1500
	Purchases	1200		Less: returns inwards	30	1470
	Less returns outwards	400
		800
	Add: Carriage inwards	50
	Add: Duty on purchases	50
	Add: Freight on purchases	50
	Add: Wages on purchases	50	1050
	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