AccountancyCLASS 11CBSE
answered 23 Jun 2026Preparing A Trading Account for the year ending March 31, 2007 From the following balance as at March 31,2007: Stock 10,000 Purchases 1,00,000 Wages 5,000 Carriage Inwards 1,000 Sales (inclusive of sales tax) 1,70,000 Return Inwards 5,000 Returns Outward 8,000 Sales Tax Paid 15,000 Freight 500 Octroi Duty 2,500 Closing Stock as on March 31,2007 was valued at Rs.20,000
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TRADING ACCOUNT
For year ending March 31,2007
Dr. Cr.
| Particulars | Particulars | Amount | Particulars | Particulars | Amount |
| To Opening Stock To Purchase Less Return Outward To wages To Carriage Inward To Freight To Octroi Duty To Profit and Loss A/c (Gross Profit) | 1,00,000 8,000 | 10,000 92,000 5,000 1,000 500 2,500 59,000 | By Slales A/c Less sales Tax Less: Return Inward By Closing Stock | 1,70,000 15,000 | 1,50,000 20,000 |
| To Opening Stock To Purchase Less Return Outward To wages To Carriage Inward To Freight To Octroi Duty To Profit and Loss A/c (Gross Profit) | 1,00,000 8,000 | 10,000 92,000 5,000 1,000 500 2,500 59,000 | By Slales A/c Less sales Tax Less: Return Inward By Closing Stock | 1,55,000 5,000 | 1,50,000 20,000 |
| To Opening Stock To Purchase Less Return Outward To wages To Carriage Inward To Freight To Octroi Duty To Profit and Loss A/c (Gross Profit) | 10,000 92,000 5,000 1,000 500 2,500 59,000 | By Slales A/c Less sales Tax Less: Return Inward By Closing Stock | 1,55,000 5,000 | 1,50,000 20,000 | |
| To Opening Stock To Purchase Less Return Outward To wages To Carriage Inward To Freight To Octroi Duty To Profit and Loss A/c (Gross Profit) | 10,000 92,000 5,000 1,000 500 2,500 59,000 | By Slales A/c Less sales Tax Less: Return Inward By Closing Stock | 1,50,000 20,000 | ||
| 1,70,000 | 1,70,000 |