Question No 01 Chapter No 19

Question No 01 Chapter No 19

01. Prepare a Trading Account from the following particulars for the year ended 31st March 2017:-

Opening stock2,50,000Purchases Returns22,000
Purchases7,00,000Sales Return36,000
Sales18,00,000Gas, Fuel and Power75,000
Wages2,06,000Dock Charges8,000
Carriage Inward34,000Factory Lighting96,000
Carriage Outward20,000Office Lighting 5,000
Manufacturing Expenses2,48,000  

Closing Stock is valued at 6,00,000.

The solution of Question No 01 Chapter No 19: –

Trading Account
To opening Stock A/c 2,50,000By Sales18,00,000 
To Purchases7,00,000 Less: Return36,00017,64,000
Less: Return22,0006,78,000To Closing Stock 6,00,000
To Carriage inwards 34,000   
To Wages 2,06,000   
To Custom Duty 15,000   
To Gas, Fuel & Power 60,000   
To Dock Charges 8,000   
To Manufacturing Expenses 2,48,000   
To Factory Lighting 96,000   
To Gross Profit 7,69,000   
  23,64,000  23,64,000

Trading Account: Meaning, Format and Examples

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 01 Chapter No 19 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

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