Question No 08 Chapter No 17

Question No 08 Chapter No 17

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 201625,000Sales-cash51,200
Stock of goods on 31st March 201747,600-credit1,16,000
Purchases-cash36,800Return from Customers5,600
-Credit82,400Carriage and Freight6,000
Return to Suppliers6,400Duty and clearing charges5,000
  Wages24,000

 

The solution of Question No 08 Chapter No 17:-

 

Trading Account
Particular
AmountParticular
Amount
To opening Stock A/c 25,000By Sales1,67,200 
To Purchases1,19,200 Less: Return5,6001,61,600
Less: Return6,4001,12,800To 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

 

Final Accounts: Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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

 

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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