Fill in the blank:Gross Profit is transferred to ___________ Account. - Book Keeping and Accountancy

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Fill in the Blanks

Fill in the blank:
Gross Profit is transferred to ___________ Account.

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Solution

 Gross Profit is transferred to Profit and Loss Account.

Concept: Trading Account
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Chapter 9: Final Accounts of a Proprietary Concern - EXERCISE [Page 317]

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Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
EXERCISE | Q 5. 1) | Page 317

RELATED QUESTIONS

Give a word, term, or phrase which can substitute the following statement:
Value of goods remaining unsold at the end of the year


Select the most appropriate alternatives given below and rewrite the sentence :
Carriage Inward is debited to __________ Account


Fill in the blank :
Debit Balance of Trading Account indicates ___________


Fill in the blank :
Balance Sheet is __________ of assets & liabilities.


Find the odd one :


Find the odd one :


Do you agree or disagree with the following statement :
Indirect Expenses are debited to Trading Account.


Correct and Rewrite the following statement:

All direct expenses are debited to the Profit and Loss Account.


From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock ₹ 40,000


From the following Balances of Jayashri Traders, you are required to prepare Trading
Account for the year ended 31/03/2019

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000 -
Purchases 59,000 -
Purchases Returns - 7,000
Sales Returns 1,600 -
Sales - 1,03,000
Wages 3,400 -
Carriage Inward 1,000 -
Royalty 4,000 -
Total 1,10,000 1,10,000

From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock   ₹ 40000


From the following Balances of Jayashri Traders, you are required to prepare a Trading Account for the year ended 31/03/2019

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock ₹ 40000


From the following Balances of Jayashri Traders, you are required to prepare a Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock     41,000   -
Purchases 59,000 -
Purchases Returns  - 7,000
Sales Returns  1,600 -
Sales  - 1,03,000
Wages 3,400 -
Carriage Inward 1,000 -
Royalty 4,000 -
Total 1,10,000 1,10,000

Closing stock 40,000


From the following Balances of Jayashri Traders, you are required to prepare a Trading Account for the year ended 31/03/2019.

Particulars Debit Amount
(₹)
Credit Amount
(₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock ₹ 40000


From the following balances of Jayashri Traders, you are required to prepare a trading account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock ₹ 40000


From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock ₹ 40,000


From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock - ₹ 40,000


From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.

Particulars Debit Amount (₹) Credit Amount (₹)
Opening Stock 41,000  
Purchases 59,000  
Purchases Returns   7,000
Sales Returns 1,600  
Sales   1,03,000
Wages 3,400  
Carriage Inward 1,000  
Royalty 4,000  
Total 1,10,000 1,10,000

Closing Stock (₹) 40,000


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