Prepare a trading account of M/s Anjali from the following information related to 2005-06. Opening stock Purchases
Question:
Prepare a trading account of M/s Anjali from the following information related to 2005-06.
Transcribed Image Text:
Opening stock Purchases Sales Purchases return Sales return Carriage on purchases Carriage on sales Factory rent Office rent Dock and Clearing charges Freight and Octroi Coal, Gas and Water Rs. 60,000 3,00,000 7, 50,000 18,000 30,000 12,000 15,000 18,000 18,000 48,000 6,500 10,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Dr Books of Anjali Trading Account for the year ended 200506 ExpensesLosses Op...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Background Cardinal Analysis, LLC (CA) is a company that has been in business for seven years. It started when its two founders took an MBA class on Entrepreneurship and created the business model as...
-
Why didn't the observers rate appropriateness of dress and attractiveness of the performer in the point-light condition? (Method)
-
From the following information related to sales activity for the quarter ending 30 th September 2010, calculate sales value variance and sales price variance: For Product X: Budgeted sales Quantity...
-
Find the total heat loss from a room in units (1 unit = 1 kWh); the U-values and surface areas of the different elements are given in the Table 1. The inside and outside air temperatures are 10 C and...
-
Describe the situation faced by Kara.
-
What is osmotic pressure? How is osmotic pressure calculated? Molarity units are used in the osmotic pressure equation. When does the molarity of a solution approximately equal the molality of the...
-
Pew Research Center collected data on the same 10 political value questions from 1994 to 2014 and combines these responses to place each person on a scale ranging from consistently liberal to...
-
This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships...
-
On January 1, 2021, Entity A Company acquired all the assets and assumed all the liabilities of Entity B Company and merged Entity B into Entity A. In exchange for the net assets of Entity B, Entity...
-
From the following information, prepare a profit and loss account for the year ending March 31, 2005. Gross profit Rent Salary Commission paid Interest paid on loan Advertising Discount received...
-
Prepare a trading account of M/s Prime Products from the following particulars pertaining to the year 2005-06. Opening stock Purchases Return inwards Sales Return outwards Factory rent Wages Rs....
-
Terry Correy, Pine Valley Spas president, is concerned about the spas operating performance during March. He budgeted his costs carefully so that he could reduce the annual membership fees. He now...
-
What role did the general manager(s) of the Golden Apple Restaurant and if any the previous owners Robert and Jasmine Raveendran play in the decline of the current morale and challenges the...
-
Develop an information life cycle for information relating to IT equipment purchased by Match Lighting. Map the use of IT to each event in the life cycle to show how IT can be used to manage the...
-
Choose two businesses within the Healthy Care industry (example Hospital's): 1. Compare and contrast their operations strategy on dimensions such as cost, quality, time, and flexibility. 2. How are...
-
Clayton Christensen, Article: How Will You Measure Your Life? Reflect on his exhortations in the light of your own life. What are your take-aways from this speech as a leader of innovation? The...
-
What are hierarchical plans that address an organization's institutional-level needs and attempt to position it advantageously within its task environment called?
-
Fry Corporation manufactures two products with the following characteristics. If Frys machine hours are limited to 2,000 per month, determine which product it shouldproduce. Contribution Margin per...
-
Write a paper about how diet relates to breast cancer in women study design to use: case control study purpose & rationale the purpose of this final project is to utilize the methods and...
-
The biscuit machine in question C8.1 was sold at the end of Year 4 for a price of 3,000. Required (a). Prepare the spreadsheet for Year 4 analysing the transactions and events of the year. (b)....
-
Using the total from the columns of the spreadsheet of question B6.3(a), prepare for the business in the month of April: (a). A statement of cash flows. (b). A statement of financial position...
-
(a). Using the list of transactions at question B6.2 above, prepare a spreadsheet similar to that presented in Table6.8. (b). Show the resulting impact on the accounting equation and demonstrate that...
-
You are a junior auditor at an accounting firm. Your manager has given you a set of SSARS engagements with two different clients. Your manager has asked you to draft a detailed memo listing the...
-
Ashley runs her computer, which consumes energy at an average rate of 8 0 W , for 3 . 4 hours per day. In a month with 3 1 days, what must Ashley pay to cover the cost of the computer s electricity...
-
A explosion breaks a 2 3 . 0 - kg object into three parts. Part ( 1 ) has a mass m 1 = 4 . 9 0 - kg and a velocity of 5 0 . 0 m / s due east.Part ( 2 ) has a mass m 2 = 4 . 3 0 - kg and a velocity of...
Study smarter with the SolutionInn App