Following balances are in the Trial Balance of a firm as on 31st March, 2023: Raw Materials 80,000 Finished Goods 1,40,000
Following balances are in the Trial Balance of a firm as on 31st March, 2023:
At the end of the accounting period, stock was:
Prepare Trading Account of the firm.
[Gross Profit – ₹ 84,000.]
[Hint: Freight outwards being an indirect expense is shown in Profit & Loss Account.]
| Opening Stock: | Raw Materials Finished Goods | 80,000 1,40,000 |
| Purchases Sales | 3,60,000 7,00,000 | |
| Returns: | Purchases Sales | 10,000 6,000 |
| Wages | 1,30,000 | |
| Factory Expenses Freight | Inwards Outwards | 90,000 20,000 |
| Raw Materials | 70,000 |
| Work-in-Progress | 20,000 |
| Finished Goods | 1,10,000 |
Anurag Pathak Changed status to publish October 12, 2023
