Question

if
opening stock = 40,000
purchase = 70,000
closing stock = 10,000
sales = 2,50,000
direct expenses = 5,000
indirect expenses = 6,000
Octroi duty = 7,000
then ,
COGS = 112,000
GP = 138,000
NP = 132,000
it is right or wrong ....

Answer 1

Hey.... we get gross profit after considering all the sales revenue,stock and direct expenses and unavoidable expenses..

we get net profit after considering indirect expenses...

So your treatment is absolutely correct..

Gross profit = Sales+closing stock-purchases -opening stock-direct expenses - octroi(because octroi is also direct expense without which we cannot transport goods)
=250000+10000-40000-70000-5000-7000
=138000

Net profit= gross profit -indirect expenses
=138000-6000
=132000

so you are right!