accounting class11
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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
Answered by
1
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:
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