Page 138 - Account 10

S.L.C/SEE Examination Questions

1. Why is trading account prepared? Mention its four objectives.
2+ 4=6 (2060S, 2062R)
2. Prepare trading account of Shiv Company, Itahari on last of Ashadh, 2074
from the following items. (2057S)
Particulars Amount Particulars Amount
Opening stock 50,000 Wages 10,000
Sales 2,50,000 Closing stock 60,000
Purchase 1,50,000 Fuel expenses 5,000
Sales return 10,000
(Ans: G.P. Rs 85,000)

3. Prepare trading account of Samjhana Company for the year ended Ashadh,
2057 according to the following particulars. (2058S)
Particulars Amount Particulars Amount
Opening stock 50,000 Purchase return 7,000
Sales return 10,000 Fuel Expenses 5,000
Closing stock 10,000 Sales 5,00,000
Purchases 1,50,000 Wages 10,000
(Ans: GP Rs 2,92,000)
4. Prepare a trading account of Laxmi Brick Industry Pvt. Ltd. Bhaktapur for the
year ended Ashad, 2060 from the following particulars. (2060R)

Particulars Amount Particulars Amount
Opening stock 356,000 Purchase 14,80,000
Coal 2,48,000 Sales 25,25,000
Sales return 50,000 Factory rent 3,00,000
Wages 2,00,000 Stock (32 Ashadh) 6,75,000
nd
Purchase return 90,000 Production expenses 3,56,000
(Ans: GP Rs 3,00,000)

5. Prepare the trading account of Steel Wood Company for the year ended 31
st
Ashadh, 2062 from the following particulars. (Send-up Board)
Particulars Amount Particulars Amount
Opening stock 20,000 Closing stock 35,000
Purchase 75,000 Sales 1,75,000
Carriage inward 3,000 Wages 8,000
Packing expenses 5,000 Manufacturing expenses 8,000
Purchase return 4,000 Sales return 2,000
Factory insurance 2,000 Factory expenses 5,000
(Ans: GP Rs 86,000)

138 Aakar’s Office Practice and Accountancy - 10 Final Accounts 139