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