Question

Q1. In a period, Sales are Rs. 100,000,
Purchases Rs. 25,000 and Other
Expenses Rs.
25,000. What is the figure for net
profit to be transferred to the capital
account?
O
Rs. 1,25,000
0 Rs. 1,50,000
Rs. 50,000
0 Rs. 75,000

Answer 1

Answer:

3)75000

Step-by-step explanation:

he punches 25000 ok

then he's expenses is 25000

ok the money that remains is 75000

Answer 2

The figure for net profit to be transferred to the capital account Rs.50000 and option (3).  

Step-by-step explanation:

Given:

Sales are Rs. 100,000,Purchases Rs. 25,000 and Other Expenses Rs.25,000.

To Find:

The figure for net profit to be transferred to the capital account.

Formula Used:

Net Profit =  Sales - (Purchases+Other Expenses  )

Solution:

As given- Sales are Rs. 100,000,Purchases Rs. 25,000 and Other Expenses Rs.25,000.

Net Profit =  Sales - (Purchases+Other Expenses  )

                 $=100000-( 25000+25000)$

                  $=100000-( 50000)$

                   $= Rs.\ 50000$

Thus, the figure for net profit to be transferred to the capital account Rs.50000 and option (3).