From the following information, prepare Profit & Loss Account of Sohan for the year ended 31st March, 2023:
Solution:-
Commerce School
Student Community
Archives Answers
Answer
From the following information, preapre Trading Account for the year ended 31st March | Adjusted Purchaes ₹ 6,60,000; Sales ₹ 7,44,000; Closing Stock ₹ 50,400
Solution:-
From the following information, prepare Trading Account for the year ended 31st March 2023 Stock on 1st April, 2022 40,000
Solution:-
Determine Gross Profit from the following Opening Stock 20,000 Closing Stock 18,000
Solution:-
Prepare Trading Account from the transactions given below Opening Stock 23,000 Purchases 29,000
Solution:-
Rishabh owed ₹ 20,000 to Saurabh. On 1st October, 2023, Rishabh accepted two bills drawn by Saurabh one for ₹ 8,000 and another for ₹ 12,000, the term of both the bills being two months
Solution:-
Arpit drew two bills of exchange on 1st January, 2023 for ₹ 15,000 and ₹ 25,000. The Bill of Exchange for ₹ 15,000 is for two months while the Bill of Exchange for ₹ 25,000 is for three months
Solution:-
Yashpal owed money to Srinivas and hence accepted two bills each of ₹ 9,700 of three months duration drawn on him by the latter, on 1st July, 2023
Solution:-
Amar sold goods to Baren for ₹ 40,000 on 1st January, 2023. Baren accepted a bill for 3 months on that date for ₹ 40,000
Solution:-
A sold goods to B for ₹ 12,000. He took a bill at 3 months dated 1st July, 2023. On 4th August, A discounted the bill @ 5% p.a. with his bank
Solution:-