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From the following data given by Ramen Co., prepare the Trading Statement (31st December 2030). Bonus K6,000; Cartage Out K3,000; Purchases (Goods) K60,000; Purchases (Tools) 22,000; Discount on Sales K4,000; Sales Representation K15,000; Sales K180,000; Credit Note Received K8,000; Carriage Inwards K 11,000; Stock Beg. (Tools) K9,000; Stock Beg. (Goods) K18,000; Stock End Tools K4,500 excluding K1,000 Obsolete; Stock End (Goods) K7,800 excluding K900 Obsolete; Storage & Handling K2,600;Customs Duty K4,200; and Wharfage & Handling K3,700.

From the following data given by Ramen Co., prepare the Trading Statement (31st December 2030). Bonus K6,000; Cartage Out K3,000; Purchases (Goods) K60,000; Purchases (Tools) 22,000; Discount on Sales K4,000; Sales Representation K15,000; Sales K180,000; Credit Note Received K8,000; Carriage Inwards K 11,000; Stock Beg. (Tools) K9,000; Stock Beg. (Goods) K18,000; Stock End Tools K4,500 excluding K1,000 Obsolete; Stock End (Goods) K7,800 excluding K900 Obsolete; Storage & Handling K2,600;Customs Duty K4,200; and Wharfage & Handling K3,700.

FINANCIAL ACCOUNTING
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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From the following data given by Ramen Co., prepare the Trading Statement (31st December 2030).

Bonus K6,000; Cartage Out K3,000; Purchases (Goods) K60,000; Purchases (Tools) 22,000; Discount on Sales K4,000; Sales Representation K15,000; Sales K180,000; Credit Note Received K8,000; Carriage Inwards K 11,000; Stock Beg. (Tools) K9,000; Stock Beg. (Goods) K18,000; Stock End Tools K4,500 excluding K1,000 Obsolete; Stock End (Goods) K7,800 excluding K900 Obsolete; Storage & Handling K2,600;Customs Duty K4,200; and Wharfage & Handling K3,700.                                  

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