From the following balance extracted from the books of M/sS.k.Sharma, prepare a Trading, profit & Loss A/c, for the yearending 31.12.2015.Particulars(マ)Particulars(マ)750Opening StockSalesSalaries1,25011,800667Discount (Dr.)WagesReturn inwards3281,5891,6598,679180DepreciationCommission (Cr.) 211Insurance380PurchasesCarriage inwardFurniture charges 670Printing ChargesCarriage outwardReturn outward300Bad debtsClosing stock3,7004812001,380

The trading account of a firm includes all the production costs and results in gross profit or loss…

From the following balance extracted from the books of M/s S.k.Sharma, prepare a Trading, profit & Loss A/c, for the year ending 31.12.2015. Particulars (3) Particulars (7) 750 Opening Stock Sales Salaries Discount (Dr.) Wages Return inwards Purchases Bad debts 1,250 11,800 667 328 Depreciation Commission (Cr.) 211 Insurance 1,589 1,659 8,679 180 380 Carriage inward Furniture charges 670 Printing Charges Carriage outward Return outward 300 Closing stock 3,700 481 200 1,380

From the following balance extracted from the books of M/s S.k.Sharma, prepare a Trading, profit & Loss A/c, for the year ending 31.12.2015. Particulars (3) Particulars (7) 750 Opening Stock Sales Salaries Discount (Dr.) Wages Return inwards Purchases Bad debts 1,250 11,800 667 328 Depreciation Commission (Cr.) 211 Insurance 1,589 1,659 8,679 180 380 Carriage inward Furniture charges 670 Printing Charges Carriage outward Return outward 300 Closing stock 3,700 481 200 1,380

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1n. Account
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