Question

From the following
information, calculate
net profit-Wages -
Rs.24000, Carriage
Inward -Rs.12000,
Purchase - Rs.3,88,000,
Closing Stock Rs.33,000,
Sales - Rs.7,88,000,
Salary - Rs.45,000,
Finance Expenses – Rs.
3000, Advertisement
Expense -Rs.6000,
Creditors -Rs.12000,
Debtors- Rs. 13000.​

Answer 1

Answer:

NP is 292000

Explanation:

firstly prepare trading account from it GP IS found..

GP is 397000

then prepare p&l account