Question

From the following information, prepare trading account of Jhapa tea industry for the year ended 32nd Ashad 2063:

Opening stock 3,25,000

Sales 12,50,000

Fuel expenses 75,000

Wages 2,30,000

Closing stock 4,00,000

Purchases 7,00,000

Sales return 10,000

Factory rent 1,00,000

Carriage inward 7,000

Answer 1

Answer:

Trading Account ofJhapa

Particulars. Amt(Rs) Particulars. Amt(Rs)

To Opening

Stock. 325000. By Sales less

To Purchases. returns

less return. 700000. (1250000- 1240000

To Wages. 230000. 10000)

To Fuel

expenses. 75000. By Closing

To Carriage. Stock. 400000

inward. 7000

To Factory

rent. 100000

To Gross

Profit. 203000

1640000 1640000