Terry supplies the following information for the year ended 31 May 208: stock at 1 June 207

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Terry supplies the following information for the year ended 31 May 20*8:

stock at 1 June 20*7 £1,329; stock at 31 May 20*8 £1,275; purchases £23,664; sales £65,782; wages £12,674; motor expenses £6,710; general expenses £441; heating and lighting expenses £1,375; advertising £2,674.

Required

Prepare a trading and profit and loss account for the year ended 31 May 20*8.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 21, 2023 09:46 AM

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Terry supplies the following information for the year ended 31 May 20*8: stock at 1 June 20*7

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Particulars Amount Amount Sales 65782 Cost of Goods Sold Opening Stock 1329 Purchases 23664 Total Co...View the full answer

Introducing Accounting For AS

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Terry supplies the following information for the year ended 31 May 208: stock at 1 June 207