Question

Q. Prepare Trading a/c from the following balance.

Rs.
Inventory in the beginning 60,000
Carriage inwards 20,000
Wages 25,000
Sales 10,00,000
Carriage outwards 15,000

Rs.
Purchases 6,00,000
Freight and cartage 30,000
Purchase return 10,000
Sales returns 2,000
Closing inventory 50,000​

Answer 1

Answer:

Trading account

Dr. cr

particular. amt. particular. amt

opening stock 60000. sale. 1000000

purchase 600000. (-) S.R. 2000. 998000

(-) P.R. 10000

590000. closing stock. 50000

carriage inward 20000

wages. 25000

freight &cartage 30000

Gross profit. 323000

Total. 1048000. total 1048000