What are fixed assets?

Name any two direct expenses and indirect expenses.

What are the objectives of preparing trading account?

Prepare trading account in the books of Sivashankar from the following figures

Particulars	Rs	Particulars	Rs
Opening stock	1,500	Purchases	3,500
Sales	4,600	Closing stock	1,300

From the following balances taken from the books of Victor, prepare trading account for the year ended December 31, 2017:

Particulars	Rs	Particulars	Rs
Adjusted purchases	80,000	Closing stock	7,000
Sales	90,000	Carriage inwards	3,000
Royalty on purchases of goods	4,000	Import duty on purchases of goods	6,000
Octroi on purchase of goods	2,000	Dock charges on purchases	5,000
Cost of goods manufactured	5,000