-------+----------------------------+----+---------------+---------------+
| | | _Dr._ | _Cr._ |
Dec. 31|Trading account |110 | L48,809 19 2 | |
| To Stock account | 44 | | L 4,078 16 4 |
| " Purchases account | 97 | | 44,731 2 10 |
+----------------------------+ | | |
" |Sales account |100 | 48,732 4 9 | |
|Stock account | 44 | 5,751 3 10 | |
| To Trading account |110 | | 54,483 8 7 |
+----------------------------+ | | |
" |Trading account |110 | 5,673 9 5 | |
| To Profit and Loss | | | |
| account |120 | | 5,673 9 5 |
+----------------------------+ | | |
" |Profit and Loss account |120 | 5,383 1 6 | |
| To Rent, rates and taxes | 78 | | 1,242 13 8 |
| " Salaries and wages | 65 | | 1,865 12 0 |
| " General expenses | 82 | | 1,087 8 0 |
| " Discounts allowed | 50 | | 975 3 3 |
| " Bad debts | 40 | | 71 4 2 |
| " Depreciation | 75 | | 141 0 5 |
+----------------------------+ | | |
" |Discounts received | 60 | 1,117 17 8 | |
| To Profit and Loss account|120 | | 1,117 17 8 |
+----------------------------+ | | |
" |Profit and Loss account |120 | 1,408 5 7 | |
| To A.B., Capital account | 1 | | 1,408 5 7 |
+----------------------------+ | | |
|A.B., Captial account | 1 | 1,500 0 0 | |
| To Drawings account | 5 | | 1,500 0 0 |
| | +---------------+---------------+
| | |L118,376 1 11 |L118,376 1 11 |
------------------------------------+----+---------------+---------------+