Question

Commission on Purchases
-* 1.52.000
* 25,000
Sales
- 9.54.000
Closing
Stock
- 1.78,000
Ans. 2.67,000
Consider the following date pertaining to Raj Ltd. For the month of March 2016:
Particulars
Opening inventory
15.000
Closing inventory
20,000
Purchases
2.80,000
7.500
Return outwards
10.000
Return inwards
2.500
Carriage inwards
If the gross profit is 20% on net sales, the gross sales for the month of March 2016 is: Ans. 3,47,500​

Answer 1

Answer:

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