Q 3\The trial balance of Basrah CO. at the end of its fiscal year August, 31,2018includes the following accounts.-beginning inventory17,500 ID.-purchases142,400 ID.-Sales revenue190,000 ID.-Freight-in4,000 ID.-Ending inventory25,000 ID.-Sales returns and allowance 4,000 ID.-purchases returns and allowance 2,000 ID.Ins :-1_ Prepare trading account for the year ended in August, 31,2018.2_ Prepare trading statement for the year ended in August,31.2018

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Answered: 1_ Prepare trading account for the year…

1_ Prepare trading account for the year ended in August, 31,2018. 2 Prepare trading statement for the year ended in August,31.2018

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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