A new machine was purchased for rs 10000 and the payment was made by cheque , the entry for this purchase has not been made in the book . this was in adjustment of financial accounting give me 2 effect of this question .
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Trading Account
for the year ended March 31, 2018
Dr.
Cr.
Particulars
Amount
(Rs)
Particulars
Amount
(Rs)
Opening stock
16,000
Sales
42,000
Purchases
20,000
Closing Stock
16,000
Wages
8,000
Manufacturing Expenses
1,500
Carriage
1,600
Gross Profit (Balance Figure)
10,900
58,000
58,000
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