£100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000...

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Transcript of £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000...

Page 1: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,
Page 2: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

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50:50

A. Trading Account

The words Raw materials, WIP, Production and Factory are all associated with ?

B. Manufacturing Account

D. Balance SheetC. Profit & Loss Account.

£500

£200

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£16,000

£64,000

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Page 3: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

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£64,000

£250,000

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£1,000,000

£500,000

B. Manufacturing Account

.

50:50

The words Raw materials, WIP, Production and Factory are all associated with ?

A. Trading Account

Page 4: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

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£32,000

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£1,000,000

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B. Cost of Goods AvailableA . Production Cost Of Goods

C. Purchases D. Production Expenses

50:50

The cost of Manufacturing goods is called ?

Page 5: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

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£16,000

£64,000

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£125,000

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50:50

A . Production Cost Of Goods

D. Production Expenses

The cost of Manufacturing goods is called ?

Page 6: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Raw materialsA . Prime Cost

C. Finished Goods D. Factory Overhead Expenses

50:50

The indirect factory costs of manufacturing goods is called?

Page 7: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

The indirect factory costs of manufacturing goods is called?

B. Raw materials

D. Factory Overhead Expenses

Page 8: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Prime Cost A . Factory Overheads

C. Admin Expenses D. S&D Expenses

50:50

In Manufacturing accounts Direct Wages is shown as part of ?

Page 9: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

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50:50

In Manufacturing accounts Direct Wages is shown as part of ?

B. Prime Cost

C. Admin Expenses

Page 10: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Admin ExpensesA . Direct Expenses

C. Factory Overheads D. Cost of Materials

50:50

Depreciation of Plant + Machinery should be included in ?

Page 11: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

Depreciation of Plant + Machinery should be included in ?

A . Direct Expenses

C. Factory Overheads

Page 12: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£750

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Factory Overhead ExpensesA . Profit &Loss Account

C. Trading Account D. Direct Raw Materials

50:50

Admin Expenses Occur in ??

£2000

£1000

Page 13: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

B. Factory Overhead ExpensesA . Profit &Loss Account

Admin Expenses Occur in ??

Page 14: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Carriage OutwardsA . Sales

C. Salesman Salaries D. Office Salaries

50:50

Which of the following can be classified as an Admin Expense?

Page 15: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

C. Salesman Salaries D. Office Salaries

50:50

Which of the following can be classified as an Admin Expense?

Page 16: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

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£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Current AssetsA . Fixed Assets

D. Financed By

50:50

C . Current Liabilities

WIP should be shown in which category of Balance Sheet?

Page 17: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

B. Current Assets

C . Current Liabilities

WIP should be shown in which category of Balance Sheet?

Page 18: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Admin ExpensesA . Factory Overhead Expenses

D. Selling & Distribution

50:50

C . Prime Cost

Cost of raw Materials Used should be included

in?

Page 19: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

A . Factory Overhead Expenses

C . Prime Cost

Cost of raw Materials Used should be included

in?

Page 20: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

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£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

A. Production Cost of Goods B. Trading Account

C. P+L Account D. Prime Cost

50:50

Opening and Closing work in progress are shown in?

Page 21: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

A. Production Cost of Goods

D. Prime Cost

Opening and Closing work in progress are shown in?

Page 22: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Manufacturing Account A . Trading Account

D. Profit & Loss Account

50:50

C . Admin Expenses

Production Expenses occur in what area?

Page 23: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

50:50

B. Manufacturing Account

D. Profit & Loss Account

Production Expenses occur in what area?

Page 24: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. ExpensesA .Manufacturing Account

D. Cost of Raw materials

50:50

C . Trading Account

Stock of Finished Goods appears in ?

Page 25: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

£200

£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

D. Cost of Raw materials

50:50

C . Trading Account

Stock of Finished Goods appears in ?

Page 26: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

A. B.

C. D. Gross Profit + Expenses

50:50

A. Prime Cost + Factory Overheads

B. Prime Cost - Factory Overheads

C. Cost of Raw Materials - Expenses

Cost of Production calculation is?

Page 27: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£125,000

£1,000,000

£500,000

A. B.

C.

50:50

A. Prime Cost + Factory Overheads

C. Cost of Raw Materials - Expenses

Cost of Production calculation is?

Page 28: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£500,000

B. Trading AccountsA . Prime Cost

C. Factory Overheads

50:50

D. Admin Expenses

£1,000,000

Accountancy Charges are included in ?

Page 29: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

£500

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£1000

£750

£2000

£8000

£4000

£32,000

£16,000

£64,000

£250,000

£125,000

£500,000

B. Trading Accounts

50:50

D. Admin Expenses

£1,000,000

Accountancy Charges are included in ?

Page 30: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

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£32,000

£16,000

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£250,000

£125,000

£1,000,000

£500,000

B. Gross Profit in Trading A/CA . Prime Cost

C. Cost of Production

50:50

D. Net Profit

The difference between the opening stock and closing stock work in progress is included in

calculation for?

Page 31: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

£100

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£32,000

£16,000

£64,000

£250,000

£125,000

£1,000,000

£500,000

B. Gross Profit in Trading A/C

C. Cost of Production

50:50

The difference between the opening stock and closing stock work in progress is included in

calculation for?

Page 32: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

200 200

Page 33: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

500 500

Page 34: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

750 750

Page 35: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

1000 1000

Page 36: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

2000 2000

Page 37: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

4000 4000

Page 38: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

8000 8000

Page 39: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

16,000 16,000

Page 40: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

32,000 32,000

Page 41: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

64,00064,000

Page 42: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

125,000125,000

Page 43: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

250,000250,000

Page 44: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

500,000500,000

Page 45: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WELL DONE !!!!!! WELL DONE !!!

1,000,0001,000,000

Page 46: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 47: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 48: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 49: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 50: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 51: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 52: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 53: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!

Page 54: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 55: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 56: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 57: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 58: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 59: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN !!!

Page 60: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! WRONG ANSWER !!!!!! WRONG ANSWER !!!

Try AGAIN To complete the Quiz !!!

Page 61: £100 £500 £200 £1000 £750 £2000 £8000 £4000 £32,000 £16,000 £64,000 £250,000 £125,000 £1,000,000 £500,000 50:50 A. Trading Account The words Raw materials,

!!! Well Done !!!