Prepare the Trading Account and Profit and Loss Account for B Traders, given the following information: Purchases Rs. 215,000, Sales Rs. 410,000, Return Outward Rs. 10,000, Return Inward Rs. 10,000, W

Here are the Trading Account and Profit and Loss Account for B Traders. a) Trading Account Step 1: Calculate Net Purchases and Net Sales. Net Purchases = Purchases - Return Outward Net Purchases = Rs. 215,000 - Rs. 10,000 = Rs. 205,000 Net Sales = Sales - Return Inward Net Sales = Rs. 410,000 - Rs. 10,000 = Rs. 400,000 Step 2: Adjust Wages for outstanding amount. Adjusted Wages = Wages + Outstanding Wages Adjusted Wages = Rs. 50,000 + Rs. 30,000 = Rs. 80,000 Step 3: Prepare the Trading Account to find Gross Profit. |l|r|l|r| 4|c|Trading Account of B Traders \\ 4|c|As on 31st Chaitra 2070 \\ \