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Question
Select the most appropriate alternatives given below and rewrite the sentence :
Debit balance of Trading Account means ______,.
Options
Gross Loss
Net Loss
Net Profit
Gross Profit
Solution
Debit balance of Trading Account means Gross Loss.
APPEARS IN
RELATED QUESTIONS
Select the most appropriate alternatives given below and rewrite the sentence :
Carriage Inward is debited to __________ Account
Select the most appropriate alternatives given below and rewrite the sentence :
Closing stock is always valued at cost or market price which is __________
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.
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 |
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 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 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 Return | 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 ₹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
