Question

Explain the ten items are included on debit side of cattle account

Answer 1

The trading account also known as the cattle account is on the debit side. Accounts which belong on the debit side relate to opening stock, purchase, purchase-related expenses, wages and other manufacturing expenses.

It is the stock of goods available at the opening day of the accounting period. It is shown in the debit side of the trading account or the cattle account.

Explanation:

1. Opening Stock:

• Opening stock consists of raw materials , work in progress and finished goods depending upon the nature of business. In merchandising business , the opening stock consists of finished goods. In manufacturing concern , opening stock consists of raw materials.

2. Purchase

• Purchase includes both credit purchase and cash purchase. Purchase is available in trial balance. So, both cash purchase and credit purchase are recorded in the debit side while preparing trading account.

3. Purchase Returns

• Purchase returns is appear in the credit side of trial balance. Purchase returns may be shown by deduction from purchases.

4. Direct Expenses

• Direct expenses means all the expenses which are directly attributable to the purchase of goods. These are the some examples of direct expenses which appear in the debit side of trading account

• Direct labour or direct wages.

• Freight on purchase.

• Carriage on purchase.

• Fuel , power and lighting expenses.

• Packing charges.

• Manufacturing expenses.

• Commission on purchase.

• Royalty

These are the items that belong on the debit side of the cattle account.

To know more:

Explain the ten items are included on debit side of cattle account​

https://brainly.in/question/15446777

What is foundation ??

https://brainly.in/question/15059205

Answer 2

The answer is stated below:

Explanation:

• The trading account also referred to as the cattle account and on the debit side, the accounts which belong this side involves opening stock, purchase, purchase-related expenses, wages and other manufacturing expenses.

• The 10 items that are involved on the debit side of a cattle account are as:

1. Opening or starting Stock
2. Livestock
3. Cattle Feed
4. Purchase of Cattle
5. Purchase of Cattle Feed
6. Crop Grown -Used for feeding Cattle
7. Wages-Cattle Rearing
8. Transport cost of milk
9. Maintenance Cost of Cattle sheds
10. Profit and Loss transferred to General Profit and Loss A/c