Find out the net income from the following figures relating to the year 2021. ₹ Opening Stock 10.000
Purchases25.000
Direct Expenses 1.000
Closing Stock 5.000
Operating Expenses 2.000
Sales 40.000
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Answer:
opening stock + purchase + direct expenses -closing stock
gross profit = 31000
net profit =gross profit + sales - indirect expenses
= 31000+40000-2000
=69000
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