1.

From the following information, prepare Trading Account for the year ended 31st March, 2019: ₹ ₹ Stock on 1st April, 2018 40,000 Returns Outward 80,000 Purchases 4,00,000 Wages and Salaries 50,000 Sales 3,80,000 Returns Inward 20,000 Carriage Inwards 20,000 Stock on 31st March, 2019 1,30,000 Net Realisable Value (Market Value) of stock as on 31st March, 2019 was ₹ 1,20,000.

Answer» From the following information, prepare Trading Account for the year ended 31st March, 2019:







































Stock on 1st April, 2018
40,000

Returns Outward
80,000

Purchases
4,00,000

Wages and Salaries
50,000

Sales 3,80,000 Returns Inward 20,000
Carriage Inwards
20,000

Stock on 31st March, 2019
1,30,000




Net Realisable Value (Market Value) of stock as on 31st March, 2019 was ₹ 1,20,000.


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