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Q14) prepare a trading account with sales-(60x25)+(20x10), purchses-(100x16), closing stock-(20x16), that should give you a gross profit figure of 420. Q23) the answer D, shows the highest inventory turnover, meaning that it has the highest demand for it's products and has the highest mark up on...

the uncleared lodgements are uncredited cheques so it has to be added to the bank balance, the unpresented cheques figure is subtracted as well as the bank credit recorded twice in error - 22650+3110-6290-650=18820

dishant.k I would also like to have them. Please send them to [email protected], thank you