Prepare a Trading Account from the following particulars for the year ended 31st March 2017:-
Particulars (₹) Particulars (₹)
Opening Stock 2,50,000 Purchases Returns 22,000
Purchases 7,00,000 Sales Return 36,000
Sales 18,00,000 Gas, Fuel and Power 75,000
Wages 2,06,000 Dock Charges 8,000
Carriage Inward 34,000 Factory Lighting 96,000
Carriage Outward 20,000 Office Lighting 5,000
Manufacturing Expenses 2,48,000
Closing Stock is valued at ₹ 6,00,000.

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-01-03T13:03:24+01:00

The Trading Account from the following particulars for the year ended 31st March 2017 is $2,364,000.

Trading Account

Opening Stock $250,000 Sales $1,800,00

Add Purchases $700,000 Less Sales return ($36,000)

Less Return ($22,000) Closing Stock is valued $600,000

Wages $206,000

Carriage Inward $34,000

Manufacturing Expenses $248,000

Gas, Fuel and Power $75,000

Factory Lighting $96,000

Dock Charges $8,000

Gross profit $769,000

($250,000+$700,000-$22,000+$206,000+$34,000+$248,000+$75,000+$96,000+$8,000-$2,364,000)

Total $2,364,000 Total $2,364,000

Inconclusion the trading account from the following particulars for the year ended 31st March 2017 is $2,364,000.

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