Question

5.
From the following Particulars, prepare Trading and Profit & Loss A/c as on
31-12-2018
TO Opening Stock D
4,200
o Salaries
1,200
TO Purchases D
7,700
To Wages D
750
70 Rent
650
© Purchase Returns (-)
200
as/
BU Sales
15,500
h Discount Allowed D
525
To Travelling Expeses
400
ho Sales Returns C1-)
300
By Interest Recived C
800
Customs Duty C
600
400
to Trade expenses
700
To Clearing Charges D
B9 Closing Stock
4,000
[Ans.Gross Profit Rs- 4,200, Net Profit Rs. 2,975]
16,400
17 300
8.10
33.50​

Answer 1

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