Question

c) Rs 300.000
d) Rs 325.000
11. Opening Stock Rs 40,000. purchases Rs 360,000, Closing Stock Rs 130,000 but the market
value of the closing stock was Rs 120,000 ,Sales Rs 380,000, Carriage inward Rs 6,000
Fireight inward Rs 4,000, salary expense Rs 50,000, return inward Rs 20,000, return outward
R$ 40,000. The Gross Profit for the year is
a) Rs 60.000
b) Rs 70,000
c) Rs 90,000
d) Rs. 1.10,000
aa​

Answer 1

Answer:

Net Sales = Sales - Sales Return

<br> Cost of Goods Sold = Net Sales - Gross Profit

<br> Cost of Goods Sold = Opening Stock + Purchaes - Purchases Return + Carriage Inwards - Closing Stock <br>

Closing Stock <br> Closing Stock

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