The following are the balances extracted from the books of a manufacturing company you are

required to prepare a trading profit and loss account for the year ending 31 st march 2014.

particulars amount particulars amount

Opening stock 73,250 purchase 6,36,810
wages 5,19,630 sales 17,08,520
Carriage inward 26,540 Repair to factory 3,53,680
salaries 2,43,700 Rent sales and taxes 39,810
Closing stock 93,680 insurance 1,39,230
Carriage outward 3,940 Dividend from 93,750
investment
Interest on loans 61,800 Interest on bank 1,230
overdraft
Telephone 9,850 Electric charges 27,560
depreciation 6,630 General charges 1,16,730
particulars amount amount particulars amount amount
To opening stock 73,250 By sales 17,08,520
To purchase 6,36,810 By closing stock 93,680
To wages 5,19,630
To carriage 26,540
inward 3,53,680
To repairs to
factory 1,92,290
To gross profit
c/d
18,02,200 18,02,200
To salaries 2,43,250 By gross profit B/D 1,92,290
To rent rates 39,810 Dividend from 93,750
and taxes investment
To insurances 1,39,230
To carriage 3,940
outward
To interest on 61,800
loans 1,230
To interest on
bank overdraft 9,850
To telephone
charges 27,560
To Electric 1,16,730
charges 6,630
To General
charges By net loss 3,64,480
To Depreciation transferred to
capital a/c
6,50,480 6,50,480