Tom Jackson provides the following information relating to his business for the year ended 29 February 20*8:
Question:
Tom Jackson provides the following information relating to his business for the year ended 29 February 20*8:
stock 1 March 20*7 £2,351; stock 29 February 20*8 £3,722; purchases £52,765; sales £87,503.
Required
a) Prepare a trading account for the year ended 29 February 20*8 showing clearly the cost of goods sold.
b) Prepare the stock account as it would appear in the general ledger at 29 February 20*8.
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a Trading Account for the year ended 29 February 208 Particulars Amount Particulars Amount Sales 875...View the full answer
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