Sanaa Malik provides the following information relating to her business for the year ended 31 August 20*8:
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Sanaa Malik provides the following information relating to her business for the year ended 31 August 20*8:
stock at 1 September 20*7 £13,579; stock at 31 August 20*8 £14,217; purchases £126,993; sales £203,741.
Required
a) Prepare a trading account for the year ended 31 August 20*8 showing clearly the cost of goods sold.
b) Prepare the stock account as it would appear in the general ledger at 31 August 20*8.
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