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Q.1 Prepare a Trading Account from the following particulars for the year ended 31st March 2017 
Particulars (?) Particulars (?) 
Opening Stock 2,50,000 Purchases Returns 22,000 
Purchases 7,00,000 Sales Return 36,000 
Sales 18,00,000 Gas, Fuel and Power 75,000 
Wages 2,06,000 Dock Charges 8,000 
Carriage Inward 34,000 Factory Lighting 96,000 
Carriage Outward 20,000 Office Lighting 5,000 
Manufacturing Expenses 2,48,000 
  
 
Closing Stock is valued at ? 6,00,000. 
 
 
The solution for this question is as follows: 
Trading Account for the year ended March 31,2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Opening Stock 2,50,000 Sales 18,00,000 
 
Purchases 7,00,000 
 
Less: Sales Returns 36,000 17,64,000 
Less: Purchases Returns 22,000 6,78,000 Closing Stock 6,00,000 
Carriage Inward 34,000 
  
Wages 2,06,000 
  
Custom Duty 15,000 
  
Gas, Fuel & Power 60,000 
  
Dock Charges 8,000 
  
Page 2


 
 
 
 
 
Q.1 Prepare a Trading Account from the following particulars for the year ended 31st March 2017 
Particulars (?) Particulars (?) 
Opening Stock 2,50,000 Purchases Returns 22,000 
Purchases 7,00,000 Sales Return 36,000 
Sales 18,00,000 Gas, Fuel and Power 75,000 
Wages 2,06,000 Dock Charges 8,000 
Carriage Inward 34,000 Factory Lighting 96,000 
Carriage Outward 20,000 Office Lighting 5,000 
Manufacturing Expenses 2,48,000 
  
 
Closing Stock is valued at ? 6,00,000. 
 
 
The solution for this question is as follows: 
Trading Account for the year ended March 31,2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Opening Stock 2,50,000 Sales 18,00,000 
 
Purchases 7,00,000 
 
Less: Sales Returns 36,000 17,64,000 
Less: Purchases Returns 22,000 6,78,000 Closing Stock 6,00,000 
Carriage Inward 34,000 
  
Wages 2,06,000 
  
Custom Duty 15,000 
  
Gas, Fuel & Power 60,000 
  
Dock Charges 8,000 
  
 
 
 
 
 
Manufacturing Expenses 2,48,000 
  
Factory Lighting 96,000 
  
Gross Profit (Balancing Figure) 7,69,000 
  
 
23,64,000 
 
23,64,000 
 
Q. 2(A) From the following information, prepare the Trading Account for the year ended 31st March, 2017: 
Adjusted Purchases ? 15,00,000; Sales ? 21,40,000; Returns Inwards ? 40,000; Freight and Packing ? 
15,000; Packing Expenses on Sales ? 20,000; Depreciation ? 36,000; Factory Expenses ? 60,000; Closing 
Stock ? 1,20,000. 
 
The solution for this question is as follows: 
Trading Account for the year end March 31, 2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchases 15,00,000 Sales 21,40,000 
 
Freight & Packing 15,000 Less: Return Inwards 40,000 21,00,000 
Factory Expenses 60,000 
  
Gross Profit (Balancing Figure) 5,25,000 
  
 
21,00,000 
 
21,00,000 
 
Note: Since closing stock is already adjusted in purchases. Therefore, the closing stock will not be on the Credit 
side of Trading Account 
Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock 
 
 
 
 
 
Page 3


 
 
 
 
 
Q.1 Prepare a Trading Account from the following particulars for the year ended 31st March 2017 
Particulars (?) Particulars (?) 
Opening Stock 2,50,000 Purchases Returns 22,000 
Purchases 7,00,000 Sales Return 36,000 
Sales 18,00,000 Gas, Fuel and Power 75,000 
Wages 2,06,000 Dock Charges 8,000 
Carriage Inward 34,000 Factory Lighting 96,000 
Carriage Outward 20,000 Office Lighting 5,000 
Manufacturing Expenses 2,48,000 
  
 
Closing Stock is valued at ? 6,00,000. 
 
 
The solution for this question is as follows: 
Trading Account for the year ended March 31,2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Opening Stock 2,50,000 Sales 18,00,000 
 
Purchases 7,00,000 
 
Less: Sales Returns 36,000 17,64,000 
Less: Purchases Returns 22,000 6,78,000 Closing Stock 6,00,000 
Carriage Inward 34,000 
  
Wages 2,06,000 
  
Custom Duty 15,000 
  
Gas, Fuel & Power 60,000 
  
Dock Charges 8,000 
  
 
 
 
 
 
Manufacturing Expenses 2,48,000 
  
Factory Lighting 96,000 
  
Gross Profit (Balancing Figure) 7,69,000 
  
 
23,64,000 
 
23,64,000 
 
Q. 2(A) From the following information, prepare the Trading Account for the year ended 31st March, 2017: 
Adjusted Purchases ? 15,00,000; Sales ? 21,40,000; Returns Inwards ? 40,000; Freight and Packing ? 
15,000; Packing Expenses on Sales ? 20,000; Depreciation ? 36,000; Factory Expenses ? 60,000; Closing 
Stock ? 1,20,000. 
 
The solution for this question is as follows: 
Trading Account for the year end March 31, 2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchases 15,00,000 Sales 21,40,000 
 
Freight & Packing 15,000 Less: Return Inwards 40,000 21,00,000 
Factory Expenses 60,000 
  
Gross Profit (Balancing Figure) 5,25,000 
  
 
21,00,000 
 
21,00,000 
 
Note: Since closing stock is already adjusted in purchases. Therefore, the closing stock will not be on the Credit 
side of Trading Account 
Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock 
 
 
 
 
 
 
 
 
 
 
Q.2(B) Calculate Gross Profit from the following information: 
 
? 
Closing Stock 70,000 
Wages 40,000 
Salary 30,000 
Sales 6,88,000 
Adjusted Purchase 5,50,000 
 
The solution for this question is as follows: 
 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchase 5,50,000 Sales 6,88,000 
Wages 40,000 
  
Gross Profit (Balancing Figure) 98,000 
  
 
6,88,000 
 
6,88,000 
 
Note: Since the adjusted purchases are already given, the stocks will not be considered while calculating Gross 
Profit. 
 
 
 
 
 
 
 
 
Page 4


 
 
 
 
 
Q.1 Prepare a Trading Account from the following particulars for the year ended 31st March 2017 
Particulars (?) Particulars (?) 
Opening Stock 2,50,000 Purchases Returns 22,000 
Purchases 7,00,000 Sales Return 36,000 
Sales 18,00,000 Gas, Fuel and Power 75,000 
Wages 2,06,000 Dock Charges 8,000 
Carriage Inward 34,000 Factory Lighting 96,000 
Carriage Outward 20,000 Office Lighting 5,000 
Manufacturing Expenses 2,48,000 
  
 
Closing Stock is valued at ? 6,00,000. 
 
 
The solution for this question is as follows: 
Trading Account for the year ended March 31,2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Opening Stock 2,50,000 Sales 18,00,000 
 
Purchases 7,00,000 
 
Less: Sales Returns 36,000 17,64,000 
Less: Purchases Returns 22,000 6,78,000 Closing Stock 6,00,000 
Carriage Inward 34,000 
  
Wages 2,06,000 
  
Custom Duty 15,000 
  
Gas, Fuel & Power 60,000 
  
Dock Charges 8,000 
  
 
 
 
 
 
Manufacturing Expenses 2,48,000 
  
Factory Lighting 96,000 
  
Gross Profit (Balancing Figure) 7,69,000 
  
 
23,64,000 
 
23,64,000 
 
Q. 2(A) From the following information, prepare the Trading Account for the year ended 31st March, 2017: 
Adjusted Purchases ? 15,00,000; Sales ? 21,40,000; Returns Inwards ? 40,000; Freight and Packing ? 
15,000; Packing Expenses on Sales ? 20,000; Depreciation ? 36,000; Factory Expenses ? 60,000; Closing 
Stock ? 1,20,000. 
 
The solution for this question is as follows: 
Trading Account for the year end March 31, 2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchases 15,00,000 Sales 21,40,000 
 
Freight & Packing 15,000 Less: Return Inwards 40,000 21,00,000 
Factory Expenses 60,000 
  
Gross Profit (Balancing Figure) 5,25,000 
  
 
21,00,000 
 
21,00,000 
 
Note: Since closing stock is already adjusted in purchases. Therefore, the closing stock will not be on the Credit 
side of Trading Account 
Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock 
 
 
 
 
 
 
 
 
 
 
Q.2(B) Calculate Gross Profit from the following information: 
 
? 
Closing Stock 70,000 
Wages 40,000 
Salary 30,000 
Sales 6,88,000 
Adjusted Purchase 5,50,000 
 
The solution for this question is as follows: 
 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchase 5,50,000 Sales 6,88,000 
Wages 40,000 
  
Gross Profit (Balancing Figure) 98,000 
  
 
6,88,000 
 
6,88,000 
 
Note: Since the adjusted purchases are already given, the stocks will not be considered while calculating Gross 
Profit. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Question 3(A) 
Calculate cost of goods sold from the following: 
 
? 
 
? 
Opening Stock 40,000 Wages & Salaries 10,000 
Net Purchases 50,000 Rent Paid 15,000 
Net Sales 1,90,000 Closing Stock 15,000 
 
The solution for this question is as follows: 
 
Cost of Goods Sold = Opening Stock + Purchases + Direct Expenses – Closing Stock 
Cost of Goods Sold = 40,000 + 50,000 + 10,000 – 15,000 = ? 85,000 
 
Question 3(B) 
Ascertain cost of Goods Sold and Gross Profit from the following: 
 
? 
Opening Stock 32,000 
Purchases 2,80,000 
Direct Expenses 20,000 
Indirect Expenses 45,000 
Closing Stock 50,000 
Sales 4,00,000 
Sales Returns 8,000 
 
 
 
 
 
 
Page 5


 
 
 
 
 
Q.1 Prepare a Trading Account from the following particulars for the year ended 31st March 2017 
Particulars (?) Particulars (?) 
Opening Stock 2,50,000 Purchases Returns 22,000 
Purchases 7,00,000 Sales Return 36,000 
Sales 18,00,000 Gas, Fuel and Power 75,000 
Wages 2,06,000 Dock Charges 8,000 
Carriage Inward 34,000 Factory Lighting 96,000 
Carriage Outward 20,000 Office Lighting 5,000 
Manufacturing Expenses 2,48,000 
  
 
Closing Stock is valued at ? 6,00,000. 
 
 
The solution for this question is as follows: 
Trading Account for the year ended March 31,2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Opening Stock 2,50,000 Sales 18,00,000 
 
Purchases 7,00,000 
 
Less: Sales Returns 36,000 17,64,000 
Less: Purchases Returns 22,000 6,78,000 Closing Stock 6,00,000 
Carriage Inward 34,000 
  
Wages 2,06,000 
  
Custom Duty 15,000 
  
Gas, Fuel & Power 60,000 
  
Dock Charges 8,000 
  
 
 
 
 
 
Manufacturing Expenses 2,48,000 
  
Factory Lighting 96,000 
  
Gross Profit (Balancing Figure) 7,69,000 
  
 
23,64,000 
 
23,64,000 
 
Q. 2(A) From the following information, prepare the Trading Account for the year ended 31st March, 2017: 
Adjusted Purchases ? 15,00,000; Sales ? 21,40,000; Returns Inwards ? 40,000; Freight and Packing ? 
15,000; Packing Expenses on Sales ? 20,000; Depreciation ? 36,000; Factory Expenses ? 60,000; Closing 
Stock ? 1,20,000. 
 
The solution for this question is as follows: 
Trading Account for the year end March 31, 2017 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchases 15,00,000 Sales 21,40,000 
 
Freight & Packing 15,000 Less: Return Inwards 40,000 21,00,000 
Factory Expenses 60,000 
  
Gross Profit (Balancing Figure) 5,25,000 
  
 
21,00,000 
 
21,00,000 
 
Note: Since closing stock is already adjusted in purchases. Therefore, the closing stock will not be on the Credit 
side of Trading Account 
Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock 
 
 
 
 
 
 
 
 
 
 
Q.2(B) Calculate Gross Profit from the following information: 
 
? 
Closing Stock 70,000 
Wages 40,000 
Salary 30,000 
Sales 6,88,000 
Adjusted Purchase 5,50,000 
 
The solution for this question is as follows: 
 
Dr. 
 
Cr. 
Particulars Amount ? Particulars Amount ? 
Adjusted Purchase 5,50,000 Sales 6,88,000 
Wages 40,000 
  
Gross Profit (Balancing Figure) 98,000 
  
 
6,88,000 
 
6,88,000 
 
Note: Since the adjusted purchases are already given, the stocks will not be considered while calculating Gross 
Profit. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Question 3(A) 
Calculate cost of goods sold from the following: 
 
? 
 
? 
Opening Stock 40,000 Wages & Salaries 10,000 
Net Purchases 50,000 Rent Paid 15,000 
Net Sales 1,90,000 Closing Stock 15,000 
 
The solution for this question is as follows: 
 
Cost of Goods Sold = Opening Stock + Purchases + Direct Expenses – Closing Stock 
Cost of Goods Sold = 40,000 + 50,000 + 10,000 – 15,000 = ? 85,000 
 
Question 3(B) 
Ascertain cost of Goods Sold and Gross Profit from the following: 
 
? 
Opening Stock 32,000 
Purchases 2,80,000 
Direct Expenses 20,000 
Indirect Expenses 45,000 
Closing Stock 50,000 
Sales 4,00,000 
Sales Returns 8,000 
 
 
 
 
 
 
 
 
 
 
 
 
The solution for this question is as follows: 
 
Gross Profit = Net Sale- Cost of Goods Sold 
Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock 
Cost of Goods Sold = 32,000 + 2,80,000 + 20,000 – 50,000 = ? 2,82,000 
Net Sale= Sales – Sales Return 
= 4,00,000 – 8,000 
= 3,92,000 
Therefore, Gross Profit = 3,92,000 – 2,82,000 
= ?1,10,000 
 
Q.4 Calculate Gross Profit on the basis of the following information: 
 
? 
Purchases 6,80,000 
Return Outwards 30,000 
Carriage Inwards 20,000 
Carriage Outwards 15,000 
Wages 50,000 
 
3/4 of the goods are sold for ? 6,00,000. 
 
The solution for this question is as follows: 
 
Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock 
Net Purchases = Purchase – Purchase Return 
= 6,80,000 – 30,000 = 6,50,000 
 
Direct Expense = Carriage Inwards + Wages 
= 20,000 +50,000 = ?70,000 
 
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