Overview
Identify Trading Account items. Prepare the Trading Account. Determine: - Cost of goods available. - Cost of goods sold. - Sales
What you'll learn
- Trading Account:
- Terminologies
- - Opening Stock
- - Closing Stock
- - Purchases
- - Cost of goods sold
- - Return Inward and Outward.
- - Carriage Inward.
- - Gross profit/loss
- - Cost of goods available for sale.
- - Cost of goods sold
- Trading Account preparation.