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Prepare Trading & Profit and Loss Account, from the following balances of Mr. Khalifa for the...

  1. Prepare Trading & Profit and Loss Account, from the following balances of Mr. Khalifa for the year ending 31.12.2010.
  • Office rent AED 3000                               Discount allowed AED 600
  • Tax, Insurance AED 1,400                       Travelling expenses AED 2,600
  • Discount received AED. 400                   Purchases AED 60000
  • Advertisement AED 3,600                       Opening stock- AED 10000
  • Salaries AED 8,000                                  Sales- AED 190000
  • Stationeries AED 2,400                            Closing stock- AED 20000

Note: Answers should be in Word or in Excel

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Prepare Trading & Profit and Loss Account, from the following balances of Mr. Khalifa for the...
Prepare Trading & Profit and Loss Account, from the following balances of Mr. Khalifa for the year ending 31.12.2010. Office rent AED 3000                               Discount allowed AED 600 Tax, Insurance AED 1,400                       Travelling expenses AED 2,600 Discount received AED. 400                   Purchases AED 60000 Advertisement AED 3,600                       Opening stock- AED 10000 Salaries AED 8,000                                  Sales- AED 190000 Stationeries AED 2,400                            Closing stock- AED 20000 Note: Answers should be in Word or Excel
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