Page 95 - Office Practice and Accounting 10

Acharya Trade Concern

Trading Account
For the year ended 30-12-2015

Dr. Cr.
Particulars Amount Particulars Amount
To Opening stock 4500 By Sales 98000
To Purchase 85290 Less sales return 1,000 97,000
Less: Purchase return 290 85000 By Closing stock 12000
To Wages 9870 By Gross loss 7930
To Carriage on purchase 600
To Cartage and freight 700

To Royalty 8760
To Octrie 7,500

116930 116930

5. You are given the following balance;

Opening stock 16,000
Purchases 2,00,950
Sales 351200
Carriage in 3, 500
Sales return 1200
Returns out 950
Factory rent 3,000
Wages 4,500
Coal and gas 10,500

Required: Trading Account

Office Practice and Accounting 10 89