The following information is given for the year ended 31 December 20*8 for Mao: stock at 1
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The following information is given for the year ended 31 December 20*8 for Mao:
stock at 1 January 20*8 £12,651; stock at 31 December 20*8 £11,537; purchases £175,873; sales £342,960; returns inwards £4,532; returns outwards £1,364; carriage inwards £733.
Required
Prepare a trading account for the year ended 31 December 20*8.
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