Question

accounting class11 ​

Answer 1

Explanation:

add:

opening stock - rs 36000

sales

70000

-10000 - rs 60000

carriage outward -rs 2000

total- rs 98000

less

purchase

45000

-5000 - rs 40000

wages - rs 7000

gross lose - rs 4000

total - rs 51000

98000- 51000

=rs 47000

closeing stock - rs 47000

Answer 2

Answer:

Solution :

Total Sales = Cash Sales + Credit Sales = Rs 1,00,000

Let Cost be Rs 100, Gross Profit =33103% on Cost =Rs3313, Sales =Rs13313

Gross Profit on Sales =Rs3313/Rs13313=14

Gross Profit =Rs1,00,000×14=Rs25,000

Cost of Goods Sold = Sales - Gross Profit =Rs1,00,000−Rs25,000=Rs75,000

Cost of Goods Sold = Opening Stock + Purchases - Closing Stock

Rs75,000=Rs20,000+Rs70,000− Closing Stock

Closing Stock =Rs20,000+Rs70,000−Rs75

Explanation: