Question 28 Chapter 15 – Class 11 Unimax -

Question 28 Chapter 15 – Class 11 Unimax

Prepare trading account, profit and loss account and balance sheet of s . Chandra from the following trial balance.

Particular	Debit (₹)	Credit (₹)
Capital drawings	12,000	6,00,000
Machinery	1,80,000
Stock (1st April,2019)	96,000
Wages	3,00,000
Carriage inwards	3,000
Salaries	30,000
Factory rent	14,400
Repairs	2,400
Fuel and power	15,000
Furniture	33,000
Building	2,40,000
Sundry debtors and creditors	1,20,000	75,000
Sales purchases	7,32,000	12,21,600
Returns	21,600	12,000
Discount	4,500	1,500
Office expenses	6,000
Manufacturing expenses	3,600
Bill payable /bill receivable	30,000	51,000
Cash in hand	14,400
Cash at bank	92,400
Office rent	10,800
	19,61,100	19,61,100

Closing stock was valued ar₹1,20,000.

The solution of Question 28 Chapter 15 – Class 11 Unimax

Trading A/c, Profit & Loss A/c for the year ended 31^st March, 2020
Particular		Amount	Particular		Amount
To Opening stock		96,000	By Sales	12,21,600
To Purchases	7,32,000		Less return	21,600	12,00,000
Less return	12,000	7,20,000	By Closing stock		1,20,000
To Wages		3,00,000
To Carriage inwards		3,000
To Factory rent		14,400
To Fuel & Power		15,000
To Manu. expenses		3,600
To Gross profit c/d		1,68,000
		13,20,000			13,20,000
To Salaries		30,000	By Gross Profit b/d		1,68,000
To repairs		2,400	By Discount		1,500
To Discount		4,500
To Office expenses		6,000
To office rent		10,800
To Net Profit c/d		1,15,800
		1,69,500			1,69,500