Prepare a Trading Account for the year ending 30th June,2015 of Mr. Arun from the following Balances - Bzziii.com

Prepare a Trading Account for the year ending 30th June,2015 of Mr. Arun from the following balances:

Particulars	Amount	Particulars	Amount
Stock on 1st July, 2014	4,80,000	Credit Sales	14,20,000
Cash Purchases	3,60,000	Indirect Expenses incurred:
Credit Purchases	8,40,000	Office Salaries	50,000
Direct Expenses incurred:		Office Lighting	5,000
Freight	27,500	Printing Stationary	4,000
Carriage	2,500	Goods destroyed by fire	10,000
Octroi Duty	12,000	Subsidies on Purchase of Goods	30,000
Import Duty and Dock Charges	1,30,000	Excise Duty on Finished Goods	35,000
Clearing Charges	40,000	Duty Drawbacks (Modvatable Excise Duty)	15,000
Manufacturing Expenses	1,20,000	Stock on 30th June, 2015 at cost (Market Value Rs. 3,00,000)	3,10,000
Cash Sales	7,60,000

Trading Account of Mr. Arun

for the year ending 30th June, 2015

Particulars		Amount	Particulars		Amount
To Opening Stock		4,80,000	By Sales:
To Purchase:			Cash	7,60,000
Cash	3,60,000		Credit	14,20,000	21,80,000
Credit	8,40,000		By Closing Stock		3,00,000
	12,00,000		By Stock Destroyed by Fire		10,000
Less:
Subsidies On Purchase of Goods     30,000
Duty Drawbacks 15,000	45,000	11,55,000
To Freight		27,500
To Carriage		2,500
To Octroi Duty		12,000
To import Duty and Dock Charges		1,30,000
To Clearing Charges		40,000
To Manufacturing Expenses		1,20,000
To Excise Duty on Finished Goods		35,000
To Gross Profit c/d to Profit & Loss A/c		4,88,000
		24,90,000			24,90,000