From the following information, prepare the Trading Account for the year ended 31st March, 2025: Adjusted Purchases ₹ 22,00,000; Sales ₹ 35,00,000
From the following information, prepare the Trading Account for the year ended 31st March, 2025:
Adjusted Purchases ₹ 22,00,000; Sales ₹ 35,00,000; Returns Inwards ₹ 1,50,000; Freight and Packing ₹ 45,000; Packing Expenses on Sales ₹ 60,000; Depreciation ₹ 42,000; Factory Expenses ₹ 1,90,000; Closing Stock ₹ 3,70,000.
[Ans. Gross Profit ₹ 9,15,000]
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Solution:-
Hints:-
Hints:-
- Adjusted Purchases = Net Purchases + Opening Stock – Closing Stock
- Closing Stock will not be shown on the credit side of Trading A/c since it has already been adjusted while calculating adjusted purchases
- ‘Packing Expenses on Sales’ and ‘Depreciation’ are indirect expenses and hence not debited to the Trading A/c.
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