Case Study
Tamuse operates a retail business in the local market. Read the details extracted from the business records.
Tamuse Retailers sells their goods at 25% margin. Stock on 1st January 2018 was sh. 9,000. Closing stock as at 31st December 2018 was Sh. 6,000. The gross profit for the year was Sh. 28,000.
Prepare Wambui retailers trading account for the period ending 31st Dec. 2018.