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Question No 08 Chapter No 17 – USHA
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Table of Contents
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.
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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)