Question

The following data relates to Delta Traders which
has three operating departments
[8]
EL
C
on
P
Unes
Pen Paper Book
1000 2000 2400
120 80 152
1020 1920 2496
Purchases
Opening Stock
Sales
Sta
B
Total cost of purchases was Rs. 1,00,000. The
ra
Rs. 25 each. The Gross profit rate was 20% in
each case​

Answer 1

Answer:

om the following balances of Vikas, Prepare trading and profit and loss account for the year

Debit balances

Rs.

Credit balances

Rs.

Machinery

35,000

Capital account

1,00,000

Debtors

27,000

Creditors

14,000

Drawing

9,000

Sales

1,45,000

Purchases

95,000

Wages

50,000

Bank

15,000

Stock

20,000

Rent

4,500

Sundry expenses

2,000

carriage

1,500

Closing Stock was Rs 600

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