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Question
Do you agree or disagree with the following statement :
Indirect Expenses are debited to Trading Account.
Options
Agree
Disagree
Solution
Indirect Expenses are debited to Trading Account.-Disagree
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RELATED QUESTIONS
Give a word, term, or phrase which can substitute the following statement:
Value of goods remaining unsold at the end of the year
Fill in the blank:
Gross Profit is transferred to ___________ Account.
Fill in the blank :
Debit Balance of Trading Account indicates ___________
Fill in the blank :
All direct expenses are transferred to __________ account.
Fill in the blank :
Balance Sheet is __________ of assets & liabilities.
Find the odd one :
Find the odd one :
Correct and Rewrite the following statement:
All direct expenses are debited to the Profit and Loss Account.
Correct and Rewrite the following statement:
Trading A/c……………Dr.
To Sales A/c
(Being Sales transferred to Trading A/c)
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock ₹ 40,000
From the following Balances of Jayashri Traders, you are required to prepare Trading
Account for the year ended 31/03/2019
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | - |
| Purchases | 59,000 | - |
| Purchases Returns | - | 7,000 |
| Sales Returns | 1,600 | - |
| Sales | - | 1,03,000 |
| Wages | 3,400 | - |
| Carriage Inward | 1,000 | - |
| Royalty | 4,000 | - |
| Total | 1,10,000 | 1,10,000 |
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock ₹ 40000
From the following Balances of Jayashri Traders, you are required to prepare a Trading Account for the year ended 31/03/2019
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock ₹ 40000
From the following Balances of Jayashri Traders, you are required to prepare a Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | - |
| Purchases | 59,000 | - |
| Purchases Returns | - | 7,000 |
| Sales Returns | 1,600 | - |
| Sales | - | 1,03,000 |
| Wages | 3,400 | - |
| Carriage Inward | 1,000 | - |
| Royalty | 4,000 | - |
| Total | 1,10,000 | 1,10,000 |
Closing stock ₹ 40,000
From the following balances of Jayashri Traders, you are required to prepare a trading account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock ₹ 40000
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock - ₹ 40,000
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock (₹) 40,000
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening stock | 41,000 | - |
| Purchases | 59,000 | - |
| Purchases returns | - | 7,000 |
| Sales Returns | 1,600 | - |
| Sales | - | 1,03,000 |
| Wages | 3,400 | - |
| Carriage Inward | 1,000 | - |
| Royalty | 4,000 | - |
| Total | 1,10,000 | 1,10,000 |
Closing stock ₹40,000
From the following Balances of Jayashri Traders, you are required to prepare Trading Account for the year ended 31/03/2019.
| Particulars | Debit Amount (₹) | Credit Amount (₹) |
| Opening Stock | 41,000 | |
| Purchases | 59,000 | |
| Purchases Returns | 7,000 | |
| Sales Returns | 1,600 | |
| Sales | 1,03,000 | |
| Wages | 3,400 | |
| Carriage Inward | 1,000 | |
| Royalty | 4,000 | |
| Total | 1,10,000 | 1,10,000 |
Closing Stock ₹ 40000
