Question 9.
Following balances appear in the Trail Balance of a firm as on 31st March, 2018:
Prepare Trading Account of the firm.
Answers
Answer:
Hope you have understood.
Answer:
Explanation:
Trading Account
Particulars Rs Particulars Rs
To opening stock By sales 700000
Raw material 80000 less return inwards (6000)
Finished Goods 140000 By closing stock 70000
To purchase 360000 By work in progress 20000
Return Outwars less (10000) By finished goods 110000
To Freight 20000
To wages 130000
To Factory exp 90000
To Gross profit 84000
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894000 894000