Prepare the Trading Account from the subsequent figures:
|
Opening Stock
|
40,000
|
Power
|
6,000
|
|
Purchases
|
1,80,000
|
Octroi
|
11,000
|
|
Carriage Inward
|
4,000
|
Freight
|
8,000
|
|
Wages
|
42,000
|
Sales
|
3,20,000
|
|
Return Outwards
|
7,000
|
Sales Return
|
10,000
|
Closing Stock Rs. 60,000
2) How is Purchases various from Net Purchases?
3) How are Net Sales various from Sales?