You are required to prepare Trading Account for the year ended 31st March, 2025 from the following information: Opening Stock ₹ 1,75,000 Purchases ₹ 5,10,000
You are required to prepare Trading Account for the year ended 31st March, 2025 from the following information:
| ₹ | |
| Opening Stock | 1,75,000 |
| Purchases | 5,10,000 |
| Purchase Returns | 8,000 |
| Wages | 17,300 |
| Freight Inwards | 3,100 |
| Factory Lighting | 10,600 |
| Closing Stock | 1,32,000 |
Gross Profit is 25% on Sales.
[Ans. Cost of Goods Sold ₹ 5,76,000; Sales ₹ 7,68,000; Gross Profit ₹ 1,92,000.]
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