Question

Question 11.
From the following figures, calculate Operating Profit:

Answer 1

Answer:

Hope you have understood.

Answer 2

The answer for this particular question is RS. 93,000, Making the opening stock 93,000.

Explanation:

Here, to calculate the opening stock we will use the formula:

• Opening stock = Net profit + non operating expenses - non operating income.

Here we will use the given information to find the operating profit. Since Interest on loans and the donations given in the questions are considered as non operating expenses. therefore:

• Interest on loans + Donations (20,000+2000) = 22,000

Here, in the given information we will try to find out the Non operating incomes. in the given info rent received and gain in sale of machine therefore:

• Rent received - Gain On sale of machine (15000-10000) = 5000

Therefore the final equation will be:

• 100,000 - 7000 = 93,000 ( Net profit + non operating expenses - non operating income)

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