The following balances were extracted from the books of Masai retailers on 14 th July 2000

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The following balances were extracted from the books of Masai retailers on 14^th July 2000

Shs.

Opening stock 30 000

Purchases 800 000

Closing stock ?

Sales 1 000 000

Return inwards 20 000

Return outwards 15 000

Maasai retailers sell goods at a mark up of 20%

Prepare the trading account for the period ended 14^th July 2000

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Financial Accounting Volume II

ISBN: 9789387886230

4th Edition

Authors: Mohamed Hanif, Amitabha Mukherjee

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Posted Date: Apr 30, 2024 08:18 AM

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The following balances were extracted from the books of Masai retailers on 14 th July 2000

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Financial Accounting Volume II

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