Question

Question 8.
From the following information, prepare Trading Account for the year ended 31st March, 2018:
Adjusted Purchases ₹ 6,60,000; Sales ₹ 7,44,000; Closing Stock ₹ 50,400; Freight and Carriage Inwards ₹ 3,600; Wages ₹ 6,000; Freight and Cartage Outwards ₹ 2,000.

Answer 1

Answer:

Hope you have understood .

Answer 2

The trading account is shown below:

Explanation:

The trading account is shown as:

NOTE:

1. Freight and Carriage Outward are not Direct Expense, though not recorded in trading account.

2. Adjusted Purchases = Net Purchases + Opening Stock - Closing Stock, So, closing stock is not considered here.

You can learn more from here about trading account:

brainly.in/question/1828395

You can learn more from here about trading account:

brainly.in/question/15305926