Question

Find out gross profit /loss purchases ₹30000,sales₹15000,carriage inward₹2400, opening stock₹10000,purchases return ₹1000, closing stock₹36000​

Answer 1

Answer:

gross profit : 9,600

trading a/c

opening stock - 10,000. (debit)

purchases - 30,000. (debit)

(less) purchase

return

carriage inward - 2400. (debit)

sales - 15,000. (credit)

closing stock - 36,000. (credit)

gross profit - 9,600 (debit)