Trading account problems and solutions

Examples of Trading and Profit and Loss Account and Balance Sheet. Uploaded by Saad Arshad Mughal. 5 Up votes 1 Down votes. 32K views. Trading,And Profit and Loss Ac. Demand Forecasting Of Cadbury Dairymilk. Documents Similar To Examples of Trading and Profit and Loss Account and Balance Sheet. Here is a compilation of top thirteen accounting problems on ratio analysis with its relevant solutions. Problem 1: The following is the Balance Sheet of a company as on 31st March: Problem 2: From the following particulars found in the Trading, Profit and Loss Account of A Company Ltd., work out the operation ratio of the business concern: Multiple trial balance problems and solutions are available here. Trial balance is a initial summary for books of account PROBLEMS AND SOLUTIONS. Type 1: Final Account to Ratio. Problem 1. From the data calculate : (i) Gross Profit Ratio (ii) Net Profit Ratio (iii) Return on Total Assets. (iv) Inventory Turnover (v) Working Capital Turnover (vi) Net worth to Debt. Sales 25,20,000 Other Current Assets 7,60,000. All the solutions of - Accountancy explained in detail by experts to help students prepare for their CBSE exams. NCERT Solutions for Class 11 commerce Accountancy CBSE, 9 Financial Statements - I. All the solutions of - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Trading Account Journal Entry Unsolved Problems Download . Problem 1: On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are:. 2. Purchase Furniture for Cash Rs. 7,000. 8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store. 14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000. 18. From trial balance, expenses and income accounts are transferred to trading account and profit and loss account. Preparation of Final Accounts with Adjustments 91 Accounts, with balances, which are to be carried forward to the next year, are shown in the balance sheet.

The reason for bringing down the gross loss /gross profit of the trading account into the debit and credit side of Profit & Loss A/c respectively, are only to the tune  

Prepare Trading and Profit and loss account for the year ended 31st March, 2016 and balance Sheet as at that date. Solution: Question 30. Additional Information : Errors: a. Purchases include sales return of Rs.5,000 and sales include purchases return of Rs.4,000. b. Goods withdrawn by the proprietor for own consumption Rs.2,000 were included in purchases. The Trading and Profit & Loss a/c is also a nominal account and has a credit balance if there is a profit and a debit balance if there is a loss. Departmental Accounts: Problem and Solution # 5. A Ltd. has a factory which has two manufacturing Departments X and Y. Part of the output of X Department is transferred to Y Department for further processing and the balance is directly transferred to the Selling Department. The entire production of Y Department is transferred to the Selling Department. Examples of Trading and Profit and Loss Account and Balance Sheet. Uploaded by Saad Arshad Mughal. 5 Up votes 1 Down votes. 32K views. Trading,And Profit and Loss Ac. Demand Forecasting Of Cadbury Dairymilk. Documents Similar To Examples of Trading and Profit and Loss Account and Balance Sheet. Here is a compilation of top thirteen accounting problems on ratio analysis with its relevant solutions. Problem 1: The following is the Balance Sheet of a company as on 31st March: Problem 2: From the following particulars found in the Trading, Profit and Loss Account of A Company Ltd., work out the operation ratio of the business concern: Multiple trial balance problems and solutions are available here. Trial balance is a initial summary for books of account

15 Jun 2018 Illustration Problems with Solution - Final accounts with adjustments. Prepare trading account from the following ledger balances presented 

PROBLEMS AND SOLUTIONS. Type 1: Final Account to Ratio. Problem 1. From the data calculate : (i) Gross Profit Ratio (ii) Net Profit Ratio (iii) Return on Total Assets. (iv) Inventory Turnover (v) Working Capital Turnover (vi) Net worth to Debt. Sales 25,20,000 Other Current Assets 7,60,000. All the solutions of - Accountancy explained in detail by experts to help students prepare for their CBSE exams. NCERT Solutions for Class 11 commerce Accountancy CBSE, 9 Financial Statements - I. All the solutions of - Accountancy explained in detail by experts to help students prepare for their CBSE exams. Trading Account