The following information relates to the year ended 31 January 20*8 for Natalie: stock at 1 February
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The following information relates to the year ended 31 January 20*8 for Natalie:
stock at 1 February 20*7 £1,560; stock at 31 January 20*8 £1,640; purchases £65,090; sales £176,040; returns inwards £360; carriage inwards £960; returns outwards £770; carriage outwards £430.
Required
Prepare a trading account for the year ended 31 January 20*8.
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