The following information relates to the year ended 29 February 20*8 for Rodney: stock at 1 March

Question:

The following information relates to the year ended 29 February 20*8 for Rodney:

stock at 1 March 20*7 £230; stock at 29 February 20*8 £380; purchases £24,600; sales £39,400.


Required

Prepare a trading account for the year ended 29 February 20*8.

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