Question No 01 Chapter No 19
01. Prepare a Trading Account from the following particulars for the year ended 31st March 2017:-
| Particular | Rs | Particular | Rs |
| 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.
The solution of Question No 01 Chapter No 19: –
| Trading Account |
|||||
| Particular |
Amount | Particular |
Amount | ||
| To opening Stock A/c | 2,50,000 | By Sales | 18,00,000 | ||
| To Purchases | 7,00,000 | Less: Return | 36,000 | 17,64,000 | |
| Less: Return | 22,000 | 6,78,000 | To Closing Stock | 6,00,000 | |
| To Carriage inwards | 34,000 | ||||
| To Wages | 2,06,000 | ||||
| To Custom Duty | 15,000 | ||||
| To Gas, Fuel & Power | 60,000 | ||||
| To Dock Charges | 8,000 | ||||
| To Manufacturing Expenses | 2,48,000 | ||||
| To Factory Lighting | 96,000 | ||||
| To Gross Profit | 7,69,000 | ||||
| 23,64,000 | 23,64,000 | ||||
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Also, Check out the solved question of all Chapters: –
D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
- Chapter 1 Evolution of Accounting & Basic Accounting Terms
- Chapter 2 Accounting Equations
- Chapter 3 Meaning and Objectives of Accounting
- Chapter 4 Double Entry System
- Chapter 5 Books of Original Entry – Journal
- Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
- Chapter 7 Books of Original Entry – Cash Book (Coming soon)
- Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
- Chapter 9 Ledger (Coming soon)
- Chapter 10 Trial Balance and Errors (Coming soon)
- Chapter 11 Bank Reconciliation Statement (Coming soon)
- Chapter 12 Depreciation (Coming soon)
- Chapter 13 Bills of Exchange (Coming soon)
- Chapter 14 Generally Accepted Accounting Principles(GAAP)
- Chapter 15 Bases of Accounting
- Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
- Chapter 17 Capital and Revenue
- Chapter 18 Provisions and Reserves
- Chapter 19 Final Accounts (Coming soon)
- Chapter 20 Final Accounts – With Adjustments (Coming soon)
- Chapter 21 Errors and their Rectification (Coming soon)
- Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
- Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
- Chapter 24 Computerised Accounting System (Coming soon)
- Chapter 25 Introduction to Accounting Information System (Coming soon)
Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.
