From the following information, draw up the trading account section of the statement of profit or loss of C. Dale for the year ending 31 January 2016, which was his first year in business:
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|
£
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Carriage inwards
|
2,000
|
|
Return outwards
|
600
|
|
Return inwards
|
2,500
|
|
Sales
|
310,000
|
|
Purchases
|
260,000
|
|
Inventory of goods: 31 January 2016
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22,000
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