Page 94 - Office Practice and Accounting 10

Solution :

Trading Account
Arya Enterprises
For the year ended 30/12/2072

Dr. Cr.
Particulars Amount Particulars Amount
To Opening stock 25000 By Sales 112,000
To Purchase 63,000 Less sales return 2,000 120,000
Less: Purchase return 3,000 60,000 By Closing stock 25,000
To Wages 10,000

To Carriage inwards 3,000
To Fuel and power 7,000
To Factory expenses 12,000
To Excise duty 1,500
To Gross profit 26500
1,45,000 1,45,000

4. Prepare Trading Account of Acharya Trade Concern for the year 2015.

Opening stock 4500
Purchases 85, 290
Wages 9870

Sales 98,000
Carriage on purchase 600
Cartage and freight 700

Sales returns 1000
Purchase returns 290

Royalty 8760
Octrie 7500
Closing stock 12000

88 Office Practice and Accounting 10