Question

pak
TUUUU
HUKU UPUNGUS UIT SINUS
6,000
7. M/s Avinash and Co. has requested you to calculate the gross profit for the year
ended 31st March, 2018 with the help of following details :
82000
T
13.456
Stock (1-4-2017)
Customs duty
Clearing charges
Loading and unloading charges
On purchases
On sales
554
320
540
75.000
Productive wages
Rent: Factory
Office
9,200
800
(0
M​

Answer 1

Answer:

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Answer 2

Answer:

Gross profit will be 1, 29,970

here i. sharing solution of trading A/c and which will help you in calculating gross profit

Fallow on Instagram just_jassal for more solutions

Thanks

Explanation:

By preparing trading A/c

or by equation also Gross profit = net sales - Cost of good solds

and cost of good solds = opening stock +net purchases+direct expense -closing stock

here net purchases = purchases- puravhes return /return inward

net sales = sales -sales return