Question 17 Chapter 15 – Class 11 Unimax -

Question 17 Chapter 15 – Class 11 Unimax

Prepare Trading Profit and Loss Account and Balance Sheet as on March 31,2020

Closing stock as on 31st March, 2020 ₹ 22,400.

The solution of Question 17 Chapter 15 – Class 11 Unimax

Trading A/c, Profit & Loss A/c as on 31st March, 2020
Particular	Amount	Particular	Amount
To Opening stock	6,000	By Sales	73,500
To Purchases	58,500	By Closing stock	22,400
To Wages	15,000
To Carriage inwards	450
To Factory Lighting	20,000
To Gross profit c/d	15,950
(Transferred to P & L A/c)
	95,900		95,900
To Sundry expenses	600	By Gross Profit b/d	15,950
To Rent and Taxes	1,350
To Net profit c/d (and transferred to capital A/c)	14,000

	15,950		15,950