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Question No 08 Chapter No 17 - USHA
08.Prepare a Trading Account of Akhlaq Ahmad for the year ending 31st March 2017 from the following particulars
| Rs | Rs | ||
| Stock of goods on 1st April 2016 | 25,000 | Sales-cash | 51,200 |
| Stock of goods on 31st March 2017 | 47,600 | -credit | 1,16,000 |
| Purchases-cash | 36,800 | Return from Customers | 5,600 |
| -Credit | 82,400 | Carriage and Freight | 6,000 |
| Return to Suppliers | 6,400 | Duty and clearing charges | 5,000 |
| Wages | 24,000 |
Trading Account
| Particular |
Amount | Particular |
Amount | ||
|---|---|---|---|---|---|
| To opening Stock A/c | 25,000 | By Sales | 1,67,200 | ||
| To Purchases | 1,19,200 | Less: Return | 5,600 | 1,61,600 | |
| Less: Return | 6,400 | 1,12,800 | By Closing Stock | 47,600 | |
| To Carriage and Freight | 6,000 | ||||
| To Duty and clearing charges | 5,000 | ||||
| To Wages | 24,000 | ||||
| To Gross Profit | 36,400 | ||||
| 2,09,200 | 2,09,200 | ||||
This is all about the Question No 08 Chapter No 17 - USHA. You can check out the following article to better understand the Final accounts.
https://tutorstips.com/final-accounts/
https://tutorstips.com/profit-and-loss-account/
https://tutorstips.com/balance-sheet/
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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 No 08 Chapter No 17 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
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.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 08 Chapter No 17 - USHA Publication 11 Class" instantly.
18 October 2022
29 October 2022
