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

$$\text{Net Purchases} = \text{Rs. } 215,000 - \text{Rs. } 10,000 = \text{Rs. } 205,000$$

Net Sales = Sales - Return Inward

$$\text{Net Sales} = \text{Rs. } 410,000 - \text{Rs. } 10,000 = \text{Rs. } 400,000$$

Step 2: Adjust Wages for outstanding amount.
Adjusted Wages = Wages + Outstanding Wages

$$\text{Adjusted Wages} = \text{Rs. } 50,000 + \text{Rs. } 30,000 = \text{Rs. } 80,000$$

Step 3: Prepare the Trading Account to find Gross Profit.

\begin{array}{|l|r|l|r|} \hline \multicolumn{4}{|c|}{Trading Account of B Traders} \\ \multicolumn{4}{|c|}{As on 31st Chaitra 2070} \\ \