Question

SU
Find out Gross profit
ox Gross loss purchases Rs 600003
Sales Rs 30,000 Carriage Rs 4.800 opening stock Rs
201000 purchases Retum ŔS , 2.000 } closing stock
IRS 12,000​

Answer 1

Answer :

Trading Account is in the attachment ;

Gross Loss = 2,21,800

Appropriate Values :

• Purcahse = 60,000

• Sales = 30,000

• Closing Stock = 12,000

• Opening Stock = 2,01,000

• Carriage = 4800 ( direct expenses )

• Purchase Return = 2,000

Items in Debit side :

• Purchase

• less : Purchase Return

• Carriage

• Opening Stock

Items in Credit Side :

• Sales

• Closing Stock