The Total solution for NCERT class 6-12
┬а
Rs
Opening stock
50,000
Net sales
11,00,000
Net purchases
6,00,000
Direct expenses
60,000
Administration expenses
45,000
Selling and distribution expenses
65,000
Loss due to fire
20,000
Closing stock
70,000
Trading Account as on March 31, 2017
Dr.
Cr.
Particulars
Amount
Opening Stock
Net Sales
Net Purchases
Closing Stock
Direct Expenses
Gross Profit
4,60,000
11,70,000
Operating Profit
=
Sales тАУ (Opening Stock + Net Purchases + Direct Expenses + Administration Expenses +
Selling and Distribution Expenses) + Closing Stock
11,00,000 тАУ (50,000 + 6,00,000 + 60,000 + 45,000 + 65,000) + 70,000
Rs 3,50,000