Question

If the opening stock is Rs. 20000, purchase Rs. 50000, wages
Rs. 10000, freight on purchase Rs. 2000, office rent Rs. 3000
and clossing stock Rs. 12000, Calculate cost of goods sold

Answer 1

Answer:

ANSWER:

Trading Account

for the year ended March 31,2012

Dr. Cr.

Particulars Amount (Rs) Particulars Amount (Rs)

Opening Stock 2,50,000 Sales 18,00,000

Purchases 7,00,000

Less: Sales Returns

36,000 17,64,000

Less: Purchases Returns

22,000 6,78,000 Closing Stock 6,00,000

Carriage Inward 34,000

Wages 2,06,000

Custom Duty 15,000

Gas, Fuel & Power 60,000

Dock Charges 8,000

Manufacturing Expenses 2,48,000

Factory Lighting 96,000

Gross Profit (Balancing Figure) 7,69,000

23,64,000 23,64,000