Set up a trading account, From the accompanying data, set

Set up a trading account

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Reference no: EM13904077

From the accompanying data, set up a Trading Account of M/s. ABC Traders for the year finished March 31, 2009:

Opening Stock

1,00,000

Purchases

6,72,000

Carriage Inwards

30,000

Wages

50,000

Sales

11,00,000

Returns inward

1,00,000

Returns outward

72,000

Closing stock

2,00,000

Reference no: EM13904077

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