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# Trading Account Preparation # Revenue opening_stock = 0 # No opening stock mentioned sales_total = sum(sales.values()) sales_returns = 1500 # Pooja returned goods # Direct Expenses purchases_total = sum(purchases.values()) purchase_returns = purchases["Govind"] * 0.10 # 10% returns to Govind direct_expenses = 2000 # Freight (cash) # Closing Stock closing_stock = 35000 # Gross Profit Calculation gross_profit = (sales_total - sales_returns) + closing_stock - (purchases_total - purchase_returns + direct_expenses) # Profit and Loss Account Preparation # Operating Expenses wages = 6800 salary_cash = 6000 salary_bank = 10000 advertisement = 3000 electricity = 12600 telephone = 3500 # Depreciation depreciation_furniture = 3000 depreciation_machinery = 2500 # Finance Costs interest_on_loan = 40000 # Total Expenses total_expenses = sum([wages, salary_cash, salary_bank, advertisement, electricity, telephone, depreciation_furniture, depreciation_machinery, interest_on_loan]) # Net Profit Calculation net_profit = gross_profit - total_expenses # Balance Sheet Preparation # Assets cash_balance = 200000 - (25000 + 2000 + 6800 + 6000) # Initial cash - expenses bank_balance = 500000 - (10000 + 40000 + 3000 + 12600 + 3500) # Loan - payments/expenses machinery = 50000 - depreciation_machinery furniture = 30000 - depreciation_furniture # Liabilities and Capital capital = 200000 + 250000 + 30000 # Initial investments closing_stock_asset = closing_stock # Organizing Balance Sheet balance_sheet = { "Assets": { "Cash": cash_balance, "Bank": bank_balance, "Machinery": machinery, "Furniture": furniture, "Closing Stock": closing_stock_asset, }, "Liabilities and Capital": { "Capital": capital, "Bank Loan": 500000, "Net Profit": net_profit, } } gross_profit, net_profit, balance_she et
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