Question

From the following details for the year ended 31^st March 2018, prepare a trading account

Particulars	₹	Particulars	₹
Opening stock	2,500	Returns inwards	7,000
Purchases	27,000	Coal and gas	3,300
Sales	40,000	Carriage inwards	2,600
Wages	2,500	Closing stock	5,200
Returns outwards	5,200

Answer 1

Trading account for the
year ended 31^st March 2018

Particulars	₹	₹	Particulars	₹	₹
Opening stock		2,500	By Sales	40,000	33,000
Purchases	27,000	21,800	Less: Return inward	7,000
Less: Returns outwards	5,200		By Closing stock		5,200
Wages		2,500
To Coal and gas		3,300
To Carriage inwards		2,600
To Gross Profit c/d		5,500
		38,200			38,200