ACCOUNTS PROBLEMS

Prepare a trading a/c of a trader for the

year ending 31 Mar 2010.

Stock on 1.4.09

2,40,000

Purchase Return

8,000

Cash Purchases

2,08,000

Sales Return

10,000

Credit Purchases

4,00,000

Direct Expenses

Cash Sales

3,50,000

Freight

10,000

Credit Sales

6,00,000

Carriage

2,000

Import duty

8,000

Clearing charges

12,000

Stock damaged by fire

13,000

Cost of goods distributed as free 5,000

samples
Goods withdrawn by the trader for 2,000
personal use

Stock on 31-3-10 1,20,000

Prepare trading account of M/s Sundar & Sons Ltd as on 31

March 2010 from the following information extracted from the
book of accounts.
Opening Stock on 1st April 2009
50,000
Purchases
Cash
1, 20,000
Credit
1, 00,000
Sales
Cash
40,000
Credit
1, 00,000
Purchase Return
20,000
Carriage Inwards
10,000
Marine insurance on purchase
6,000
Other direct expenses
4,000
Stock as on 31 Mar 2010
10,000