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From the following information prepare Trading account for the year ended 31 December 2005 Opening stock $55,000 Purchases $45,000 Sales $70,000 Sales return $4,000 Purchase

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From the following information prepare Trading account for the year ended 31 December 2005 Opening stock $55,000 Purchases $45,000 Sales $70,000 Sales return $4,000 Purchase returns $8000 Closing stock $15,000

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