Question

from the following prepare a trading account for the year ending 31st march 2017 Cash purchase rs 11,50,000; credit purchase rs 9,00,000; return inwards rs 20,000; cash sales rs 1,60,000; credit sales rs 11,00,000; return outward rs 10,000; freight rs 3,000; carriage rs 3,000; wages and salaries rs 4,000; Opening stock rs 1,50,000; closing stock rs 88,000 and market value rs 84,000

Answer 1

Answer:

dr items

purchase -return outward

freight

carraige

wages nd salaries

opening stock

credit items

closing stock

sales - return inward