Question

from the following information prepare the trading account for the year ended 31 march 2019.opening stock rs.12000 ,purchases rs.80000 ,power and fuel rs.11500,return outward rs.1000, wages rs 8000,carriage outward rs.3600,rent rs 34p0,sales rs.155000, return inward rs.2000, salaries rs 15000, depreciation rs 5000, stock on 31 march 2019 was rs. 17000​

Answer 1

Given :

Opening stock - 12000

Purchases - 80000

Power and fuel - 11500

Return outward - 1000

Wages - 8000

Carriage outward - 3600

Rent - 3400

Sales - 55000

Return Inward - 2000

Salaries - 15000

Depreciation - 5000

Stock on 31 march 2019 was - 17000

To Prepare :

Trading Account

Solution :

Trading Account for the year 31-Mar-2019

Particulars. Amt Particulars. Amt

O. Stock. 12,000. Sales. 1,55,000

Purchases. 80,000. Less : R. I. 2,000

Less : R. O. 1,000. C. Stock. 17,000

Power & fuel. 11,500

Wages. 8,000

Gross Profit : 59,500

________. ________

1,70,000. 1,70,000

Gross Profit = 59,500

Note :

Salaries , Rent , Carriage Outwards , Depreciation are not recorded in trading account. It is shown on Profit and Loss account