1.

From the following information, prepare trading account of Jhapa tea industry for the year ended 32nd Ashad 2063: Opening stock 3,25,000 Sales 12,50,000 Fuel expenses 75,000 Wages 2,30,000 Closing stock 4,00,000 Purchases 7,00,000 Sales return 10,000 Factory rent 1,00,000 Carriage inward 7,000

Answer»

Trading Account ofJhapaParticulars. Amt(Rs) Particulars. Amt(Rs)To Opening Stock. 325000. By Sales lessTo PURCHASES. returnsless RETURN. 700000. (1250000- 1240000To WAGES. 230000. 10000)To Fuel EXPENSES. 75000. By Closing To Carriage. Stock. 400000 inward. 7000To Factory rent. 100000 To GrossProfit. 203000 1640000 1640000



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