Question No 08 Chapter No 17 – USHA Publication 11 Class

Posted by By Shubham Sharma 4 Min Read February 15, 2022
Question No 08 Chapter No 17
Q-08 - CH-17 - USHA +1 Book 2020 - Solution

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

 

The solution of Question No 08 Chapter No 17 – USHA:-

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. 

Final Accounts: Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

You Can also read all above articles in Hindi on our Hindi Website

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  1. Final Account in Hindi
  2. Profit and Loss Account in Hindi 
  3. Balance Sheet in Hindi

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

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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