- compute cost of goods sold for the
yean
2010 with the help of following
information. Prepare toading at, sales
Qogoooo Purchases 1,5,000
sales
Purchases
wages
stack (April 1, 2004)
Stock March 31:2005)
2100,000
450000
1100.000
9,00,000
4100,000
40000
frieght inwards
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Answer:
om the following balances of Vikas, Prepare trading and profit and loss account for the year
Debit balances
Rs.
Credit balances
Rs.
Machinery
35,000
Capital account
1,00,000
Debtors
27,000
Creditors
14,000
Drawing
9,000
Sales
1,45,000
Purchases
95,000
Wages
50,000
Bank
15,000
Stock
20,00000⁰0
Rent
4,500
Sundry expenses
2,000
carriage
1,500
Closing Stock was Rs 600iii
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