Question

Q.From the following details and additional information prepare trading account
And determine profit.
Opening Stock 5570
Purchases 13816
Sales 15284
Purchase return 390
Sales return 504
Wages 40
Import Duty 252
Cartage 400
Octroi 20
.
.
Additional information :
1. Credit purchases of 1200 have been included in stocks but not recorded.
2. Goods worth 150 were withdrawn for private use.
3. Goods of 50 were given in charity.
4. Closing stock valued at 8688.​

Answer 1

the adjustment no.2 (drawings) is generally deducted from capital in the balance sheet.. i’m not sure whether it has to be added or subtracted in the trading ac