Frame 4
Prepare a Trading Account, with the following details.
Sales -- 32,000
Returns inwards -- 2,000
Closing Stock -- 9,000
Stock at commencement -- 7,500
Purchases -- 16,000
Return outwards -- 400
Carriage inwards -- 400
Duty and Clearing -- 1,500Frame 5
Prepare a Profit and Loss Account with the following details. The Gross Profit is Rs.1,
88,906.
Salaries -- 31,930
General Expenses -- 16,284
Carriage outwards -- 4,300
Insurance and taxes -- 8,350
Stable expenses for distribution -- 4,946
Discount paid -- 1,856
Interest and Bank charges -- 950
Old Reserve -- 4,000
Reserved for bad and doubtful
debts-- 7,814Bad Debts -- 2,970
Plant and Machinery:
Depreciation
Fixtures and fittings :
Depreciation--
----3,944948
Houses and carts -- 2,000Commission:a) Works manager at 1% of Rs.1,88,906
b) General Manager at 5% of Rs.1,05,704