From the accompanying data set up a trading account of ms, Accounting Basics

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From the accompanying data set up a trading account of ms

From the accompanying data, set up a Trading Account of M/s. ABC Traders for the year finished March 31, 2009:

Opening Stock

1,00,000

Purchases

6,72,000

Carriage Inwards

30,000

Wages

50,000

Sales

11,00,000

Returns inward

1,00,000

Returns outward

72,000

Closing stock

2,00,000

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Accounting Basics: From the accompanying data set up a trading account of ms

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Accounting Basics: From the accompanying data set up a trading account of ms

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