prepare the trading profit and loss account for the year ended 31st March 1999.

Question

opening stock. 2,500
sales. 90,000
capital. 5,000
drawings. 500
purchases. 60,050
carriage inwards. 2,335
wages and salaries. 1,115
return inward. 700
return outward. 900
rent and rates. 750
communication expenses. 1,650
transport expenses. 350
buildings. 15,050
sundry expenses. 820
insurance. 760
debtors. 4,326
creditors. 3,750
cash. 4,820
bank. 8,942
loan. 6,300
fixtures 726
carriage outwards. 340
commission payable. 216
closing stock ¢2,050?