Prepare trading account from the following particulars- (Opening stock) 25,000 (Gas and power) 5,000 (Sales) 3,00,000 (Fuel) 2,000 (Purchases) 1,40,000 (Wages) 20,000 (Carriage inwards) 3,000 5,000 (Return inwards) 6,000 (Return outwards) 8,000 (Discount) 5,000 (Other information)- 1. (Closing stock) 30,000 2. After the valuation of closing stock, goods costing Rs.2,000 were burnt which were not insured'. 3. 4,000 Rs. 5,000 Rs. Goods costing Rs.4,000 were sold for Rs. 5,000 on the basis of sale or return which were recorded as actual sales purchase include a purchase of furniture for rupees 10000.

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To prepare the trading account we need to organize the given information into the format of the trad... View the full answer