resale are collectively termed as purchases for a business. If the credit side of the trading account exceeds the debit side, the result is "gross profit and if debit side exceeds the credit side, the result is "gross loss". The true result is the net profit or the net loss which is determined through profit and loss account. Opening Stock 1,00,000 Add: Purchases 2,80,000 Wages 2,000 Freight 3,600 Carraige Inwards 1,000 3,86,600 Less: Closing Stock 80,000 Cost of Sales 3,06,600. Required: Prepare a trading account for the year ended 31st December 2005. What are the Three Types of Personal Accounts?
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80, then sales. Sign in, available only to authorized users. From the trial balance, the balance of opening stock account, purchases account, returns inwards account and of all direct expenses are transferred on the debit side of the trading account, and the balance of the sales account, returns outwards account, and closing stock account are. Goods pourboire du forex tous les jours are sold long after their purchase. Solution : xyz.
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