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Prepare Trading Account from the transactions given below:
Opening Stock Purchases Sales Return Sales 33,000 29,000 500 25,400 Purchases Return Closing Stock Carriage Inwards Depreciation 2,400 57,700 100 2,000
Also pass the Journal entries [Gross Profit – ₹ 22,900.] [Hint: Depreciation is not accounted in the Trading Account.]
Anurag Pathak Changed status to publish October 12, 2023
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