Copy out the following trading account filling in the necessary missing figures: Sales Less Returns inwards Net
Question:
Copy out the following trading account filling in the necessary missing figures:
Transcribed Image Text:
Sales Less Returns inwards Net turnover Less Cost of goods sold Opening inventory Add Purchases Add Carriage inwards Less Returns outwards Less Closing inventory Gross profit 8,798 ?????? 54,232 767 ?????? 453 54,546 ?????? 54,353 ?????? 54,231 41,773 ??????
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Sales Less Returns inwards Net turnover Less Cost ...View the full answer
Answered By
Chandan Kushwaha
Hello everyone
Myself Haseeb Pasha and currently I'm a student of MBBS 4TH YEAR . I'm pursuing my education in Kyrgyzstan and I'm working at various platform as a online tutor sharing my knowledge with quality of answer and I have received I great
Feedback from students around the globe .
It's my passion of teaching being in a background of teaching professional.I have gained lot of experience from online and share with u all with quality of knowledge.
I want to encourage you to pursue your dreams with enthusiasm and to never give up, even in the face of challenges. Believe in yourself and your abilities, and know that you have the power to achieve great things.
Remember, education is not just about getting good grades or passing exams. It's about learning, growing, and discovering your passions. It's about gaining knowledge and skills that will serve you well throughout your life.
As you work towards your goals, I encourage you to stay curious, ask questions, and explore new ideas. Embrace failure as an opportunity to learn and grow, and never be afraid to take risks. The greatest discoveries and accomplishments often come from stepping outside of your comfort zone.
As you face obstacles and setbacks, remember the words of Winston Churchill: "Success is not final, failure is not fatal: It is the courage to continue that counts." Stay resilient and persevere through difficult times. Believe in yourself and your ability to overcome any obstacle.
Finally, I want to remind you that you are capable of making a positive impact in the world. Use your education to create positive change, to help others, and to make a difference. Be a leader, a problem-solver, and a force for good in the world.
I am here to support and guide you on your journey. Let's work together to achieve your goals and make your dreams a reality. Remember, with hard work, determination, and a positive attitude, anything is possible.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
Students also viewed these Business questions
-
Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...
-
In this problem, you will process transactions involving fixed assets for Savoy Merchandise Co. for the month of November 2013. In addition, you will complete the monthly accounting cycle. The...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
make a stored procedure called projects_at_this_location that receives a location and returns the projects (if any) at that location as shown in the following sample run: (2 points) exec...
-
What was the dollar value of U.S. direct investments abroad and U.S. private holdings of longterm foreign securities in 1980 to 2014?
-
What are the differences in the scope of opportunities and threats versus strengths and weaknesses?
-
What are the main characteristics of the various systems of social differentiation within egalitarian and rank societies?
-
Steel mills in three cities produce the following amounts of steel: Location Weekly Production (tons) A. ............Bethlehem 180 B. ..........Birmingham 260 C. .............Gary 310 740 These mills...
-
Provide a SWOT analysis of the Sales processes and capabilities for Avanade as an organization ( do not provide SWOT for Avanade as a company but its sales processes and strategies) . The sales...
-
From the following data, construct the trading account for the year ended 30 June 2007. Sales 43,555 Purchases 27,800 Opening inventory 3,780 Returns outwards 763 Closing inventory 2,943 Returns...
-
From the following data, construct a trading account for the year ended 31 December 2010. Carriage inwards Sales Purchases Opening inventory Closing inventory 332 15,432 9,807 2,341 3,298
-
What is the difference between a current asset and a long-term asset? What is the difference between a current liability and a long-term liability? What is the difference between a debtors claim and...
-
What trade associations, educational groups or networking groups for business continuity professionals exist in the area? Do they have student membership or allow new members to attend a free session?
-
What are examples in the news of coordination between emergency management, NGOs and the private sector? What is the nature of these relationships and their involvement through the four phases of...
-
Convert the distribution of nanopillar heights on page 26 into a distribution having the classes (205, 245],(245,325],(325,365],(365,405], where the right-hand endpoint is included. Draw two...
-
How important is it to capture the decision makers disposition towards risk? How is subjectivity included in the decision modeling process?
-
Describe how the models presented in this chapter can be beneficial to a decision maker involved with a business continuity program.
-
What is the role of systems integration in project management? What are the three major objectives of systems integration?
-
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
-
Sante Fe Corporation's sales office and manufacturing plant are located in State A. Sante Fe also maintains a manufacturing plant and sales office in State B. For purposes of apportionment, State A...
-
For each of the following items considered independently, indicate whether the circumstances call for an addition modification (A), a subtraction modification (S), or no modification (N) in computing...
-
Perk Corporation is subject to tax only in State A. Perk generated the following income and deductions. Federal taxable income .............. $300,000 State A income tax expense ............. 15,000...
-
On the Case "Yung Kee: Resolving Corporate Governance Problems in a Hong-kong based Family Business" . Answer the following in respect to corporate governance. Q1. What Corporate Governance issues...
-
Georgia Flooring Product Line Contribution Margin Income Statement For the Year Product lines Laminate Wood flooring flooring Company Total Sales revenue $ 304,000 $ 126,000 $ 430,000 Less: Variable...
-
The new concept could be a new service/product/design. articulate why the new concept needs to be developed, discuss the aims and objectives (e.g., attract more visitors, offer more opportunities to...
Study smarter with the SolutionInn App