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

Cost of goods distributed as free 5,000 Import duty 8,000

samples
Goods withdrawn by the trader for 2,000 Clearing charges 12,000
personal use

Stock on 31-3-10 1,20,000 Stock damaged by fire 13,000

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