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Question 2 Chapter 15 – Class 11 Unimax

Question 2 Chapter 15 – Class 11 Unimax

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Question 2 Chapter 15 – Class 11 Unimax

From the following information, prepare the Trading account for the year ending on 31st March, 2020.
Opening stock ₹ 90,000 ; cash sales ₹ 36,000 ; Credit sales ₹ 7,20,000 ; Returns outwards ₹ 6,000 ; Wages & Salaries ₹ 2,400 ; Carriage inward ₹ 1,200 ; Freight inward ₹ 1,800 ; Cartage inwards ₹ 600 ; Cash purchases ₹ 30,000 ; Credit purchases ₹ 6,00,000 ; returns inward ₹ 12,000 ; closing stock as on 31st March ₹ 50,400 ; Freight outward ₹ 600.

The solution of Question 2 Chapter 15 – Class 11 Unimax

Trading A/c, Profit & Loss A/c  of MR.X for the year ended 31st March, 2020
Particular
AmountParticular
Amount
To Opening stock 90,000By Sales (Cash)39,000 
To Purchases (Cash)30,000 Add Sales (Credit)7,20,000 
Add Purchases (Credit)6,00,000  7,56,000 
6,30,000  Less returns12,0007,44,000
Less returns6,0006,24,000 By Closing stock 50,400
To Wages & Salaries 2,400   
To Carriage inward (1,200+600) 1,800   
To Freight inward 1,800   
To Balance c/d 74,400    
  7,94,400  7,94,400
   By Balance b/d 74,400

 

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 6 Chapter 15 – Class 11 Unimax

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Question 18 Chapter 15 – Class 11 Unimax

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Question 30 Chapter 15 – Class 11 Unimax

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1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax

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