Question

ट्रेडिंग अकाउंट कॉस्ट आफ गुड्स सोल्ड 50000 opening stock 5000 closings stock 12000 sales72000
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Answer 1

Answer:

(a) Cost of goods available for sales which means total goods produced during the year.

Cost of Production = (opening stock + Purchase + Wages - Purchase Return)

= 25,000 + (7,50,000 + 3,00,000) + 1,00,000 - 10,000

= Rs. 11,65,000

(b) Cost of goods sold = Cost of Production - Closing Stock

i.e., 11,65,000 - 30,000 = Rs. 11,35,000

(c) Gross Profit For computing gross profit, preparation of Trading account would be appropriate.

Explanation:

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