2. From the following information, determine Gross Profit for the year ended 31st March, 2024:
| ₹ | ₹ | ||
|---|---|---|---|
| Opening Stock (1st April, 2023) | 50,000 | Goods purchased during the year | 2,80,000 |
| Freight and Packing | 20,000 | Closing Stock (31st March, 2024) | 60,000 |
| Sales | 3,80,000 | Packing Expenses on Sales | 12,000 |
T.S.Grewal/2024 Edition/Practical Problems/Q-02
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
Answer :