The following information was extracted from the books of Awasi Traders for the year ended 31st March 2011

The following information was extracted from the books of Awasi Traders for the year ended 31st March 2011. (10mks)
Sales 720, 000
Stock 1st. April 2010 150,000
Stock 31st March 2011 210,000
Margin 25%

Required

(i) Prepare Awasi Traders trading account for the year ending 31st March 2011. (8mks)
(ii) Calculate the business rate of Stock turnover. (2mks)

ANSWER

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