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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 8 Chapter 15 – Class 11 Unimax
From the following Particulars, prepare a Trading Account for the year ended on 31 March, 2020.
| Stock at the beginning ) | 11,080 |
| Credit purchases | 60,780 |
| Purchases return | 1,720 |
| Railway freight | 1,800 |
| Cash purchases | 9,000 |
| Carriage on purchases | 520 |
| Credit sales | 1,46,940 |
| Sales return | 5,040 |
| Packing charges for goods sold | 700 |
| Cash sales | 18,440 |
| Carriage on sales | 2,400 |
| Wages | 15,800 |
| Salaries | 21,900 |
| Discount on purchases | 380 |
| Cash in hand | 1,700 |
| Capital | 10,000 |
| Closing stock | 12,800 |
Trading A/c, for the year ended 31st March, 2020
| Particular |
Amount | Particular |
Amount | ||
|---|---|---|---|---|---|
| To Opening stock | 11,080 | By Sales (Credit) | 1,46,940 | ||
| To Purchases (Cash) | 9,000 | Add Sales (Cash) | 18,440 | ||
| 1,65,380 | |||||
| Add (Credit) | 60,780 | Less returns | 5,040 | 1,60,340 | |
| Less returns | 1,720 | 68,060 | By Closing stock | 12,800 | |
| To Carriage on purchases | 520 | ||||
| To wages | 15,800 | ||||
| To Railway freight | 1,800 | ||||
| To Gross Profit c/d | 75,880 | ||||
| 1,73,140 | 1,73,140 | ||||
| By Gross Profit b/d | 75,880 | ||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 8 Chapter 15 – Class 11 Unimax", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 15 - Financial Statements (Without Adjustments) - Unimax.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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