Accountancy, asked by sudhanshu4370, 11 months ago

A new firm commenced business on 1st january , 2009 and purchased goods costing ₹1,65,000. During the year a sum of ₹5,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was ₹23,000 . sales during the year ₹ 1,80,000. State the amount of gross profit for the year ended 31st December 2009.

Answers

Answered by bhoomikananwani4

1

(purchases+direct expenses)_(sales+closing stock)

165000+5000_180000+23000

33000

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