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  3. question 3. for the following balances extracted f

Question 3. For the following balances extracted from a trial balance, prepare a trading account....

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Accounting

Question 3. For the following balances extracted from a trial balance, prepare a trading account.
\table[[Particulars,Amount in Rs.],[Stock on 1-1-2022,70700],[Returns inwards,3000],[Returns outwards,3000],[Purchases,102000],[Debtors,56000],[Creditors,45000],[Carriage inwards,5000],[Carriage outwards,4000],[\table[[Import duty on materials received],[from abroad]],6000],[Clearing charges,7000],[Rent of business shop,12000],[Royalty paid to extract materials,10000],[Fire insurance on stock,2000],[Wages paid to workers,8000],[Office salaries,10000],[Cash discount,1000],[Gas, electricity, and water,4000],[Sales,250000]]
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