Question

SBPD Publications Financial Accounting (XI)
PRACTICAL QUESTIONS
rading Account
Preparing a Trading Account from the following details :
3
Purchases
2,00,000 Gas, Water, etc.
Purchases Returns
30,000 Sales
arriage Inward
2,000 Sales Returns
Puty Paid
10,000' Opening Stock
Jages
22,000 Closing Stock
Ans. Gross Profit ? 1,30,000)
rom the following details for the year ended 31.3.2019, prepare a Trading Account:
6.
4,00.00
40.3
50,00
30,00
+
42
pening Stock
archases
archases Returns
les
les Returns
ages
ns. Gross Profit * 1,62,8001
90,000 Carriage Inward
2,62,000 Factory Rent
12,000 Duty Clearing Charges
5,25,000 Electricity/Water Charges
10,000 Closing Stock
30,000
24,
20,0
16.
82​

Answer 1

Answer:

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

     

Step-by-step explanation: