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Question 3 Chapter 15 – Class 11 Unimax

Question 3 Chapter 15 – Class 11 Unimax

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Question 3 Chapter 15 – Class 11 Unimax

(Without GST). Prepare Trading account for the year ended 31st March,2020 from the following balances:

ParticularParticular
Stock (1st April,2019)1,00,000Purchases10,00,000
Wages50,000Carriage inwards10,000
Sales15,50,000Returns inward50,000
Returns outward80,000  
Freight5,000  

Closing stock as on 31st March, 2020 was value at ₹ 2,00,000.
Also, pass the closing entries.

The solution of Question 3 Chapter 15 – Class 11 Unimax

Trading A/c, Profit & Loss A/c for the year ended 31st March, 2020
Particular
AmountParticular
Amount
To Opening stock 1,00,000By Sales15,50,000 
To Purchases10,00,000 Less return inward50,00015,00,000
Less return outward80,0009,20,000By Closing stock2,00,000
To Wages50,000  
To Carriage inwards10,000  
To Freight 5,000   
To Gross profit c/d 6,15,000   
(Transferred to P & L A/c)     
  17,00,000  17,00,000

 

End of Solution


Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter 15 – Financial Statements (Without Adjustments) Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

Question 5 Chapter 15 – Class 11 Unimax

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Question 17 Chapter 15 – Class 11 Unimax

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Question 29 Chapter 15 – Class 11 Unimax

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