Question

Find out the net income from the following figures relating to year 2014
₹
Opening Stock
Closing Stock
10,000 Purchases (Net)
5,000 Direct Expenses
45,000 Operating Expenses
Sales (Net)
12,000.​

Answer 1

Explanation:

Find out the net income from the following figure relating to year 2014 ... stock 5,000 sales (net) 45,000 purchases net 25,000 direct expenses 1,000 ... 10000-5000-45000+25000+1000+ 2000=12000.