Question

16 Prepare Trading Account for the year ended 31" March 2020 from the following balances:
Amount (Rs.)
Amount (Rs.)
Stock as on 01.04.2019
1,00,000
Purchases
10,00,000
Wages
50,000
Carriage Inwards
10,000
Sales
15,50,000
Returns Inward
50,000
Return Outward
80,000
Freight
5,000
Closing Stock as on 31.03.2020 was valued at Rs. 2,00,000.​

Answer 1

Answer:

Trading account

dr. cr

opening stock 100000. sales

purchase 1550000-50000

1000000-80000 920000. 1500000

wages. 50000 closing stock

freight. 5000. 200000

carriage. 10000

gross profit 615000

total. 1700000. total. 1700000