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Prepare Trading Account for the year ended 31st March 2020 from the following balances: 2 Amount (Rs.) Amount (Rs.) Stock as on 01.04.2019 1,00,000 Purchases 10,00,000 Wages 50,000 Carriage Inwards 10,000 Sales 15,50,000 Returns Inward 50,000 Return Outward 80,000 Freight 5,000 Closing Stock as on 31.03.2020 was valued at Rs. 2,00,000. |
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Answer» Answer: The trading ACCOUNT is in attachment ; GO through it.. Gross Profit = 6,15,000.Some important Notes :
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