ILLUSTRATION 4. Task. you are required to Prepare a Trading Account for the year 30th June, 2015 of Mr. Antony.from the following balances Antony was Running a X Co Ltd and is decreasing the expense in work, capital Stock on 1st July, 2014 Cash Purchases Credit Purchases 4.80.000 3.60.000 8,40,000 Indirect Expenses incurred: Office Salaries Office Lighting $ 50.000 5.000 Direct Expenses incurred: Printing and Stationery 4,000 Freight Carriage 27,500 2,500 Goods destroyed by fire Subsidies on Purchase of Goods 10,000 30,000 Octroi Duty 12,000 Excise Duty on Finished Goods 35,000 Import Duty and Dock Charges 1,30,000 Duty Drawbacks Clearing Charges 40,000 (Modvatable Excise Duty) 15,000 Manufacturing Expenses 1,20,000 Stock on 30th June, 2015 at Cost Cash Sales 7,60,000 (Market Value $3,00,000) 3,10,000 Credit Sales 14,20,000