Question

5 Ascertain Gross Profit from the following information:
Opening Stock
Cosing Stock
2,00,000
1,80,000
8,50,000
23,000
Carriage on Sales
Office Rent
Sales
3
30,000
58,000
14.07.000
Purchases
Carriage on Purchases
​

Answer 1

Hey Buddy, solution is referring in the attachment above.

Note: Carriage on Sales and Office Rent are not a Direct Expense. Thus, it is not considered while computing the amount of Gross Profit.