Question

4. From the following data, calculate the Profits made by a trader in 2019.

Stock of goods on 1-1-2019
Purchases during the year
Purchases returns during the year
= Sales returns during the year
Carried inward
Sales during the year
Stock of goods on 31-12-2019
15,675
37,000
4,725
8,987
1,123
77,765
1,775​

Answer 1

Answer:

15,675+37,000+4,725+8,987+1,123+77,765+1,775 =147,050

Answer 2

Answer:

stock of good on 1-1-2014 + purchase during the year - purchase returns of the year+ carried inward

15675+37000-4725+1123=49, 073

sales -sales return+ stock of good

77765-8987+1775=70553

49073-70553=21480

Answer=21480