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Trading Account & P&L Account Questions

Trading Account & P&L Account Questions



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Published by MrAlexander
Questions on Trading Accounts and Profit & Loss Accounts
Questions on Trading Accounts and Profit & Loss Accounts

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Published by: MrAlexander on Mar 08, 2009
Copyright:Attribution Non-commercial


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Higher Business Management - FinanceTrading Accounts – Student Activities1. (a)Using the information below draw up the Trading Accounts for each SoleTrader and work out their Gross Profit or Loss. The Trading period is 1 January– 31 December 2008 for each business.P Findlay£Sales14000Sales Returns 1070Opening Stock 3106Purchases 6060Purchase Returns 50Closing Stock 2076A Jones £Sales125000Sales Returns 10800Opening Stock 5500Purchases 70400Purchase Returns 7800Closing Stock 3500

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