5. The following are the extracts from the trial balance of M/s Bhola & Sons as on March 31, 2017 Account title Debit (₹) Credit (₹) Opening stock 2,00,000 Purchases 8,10,000 Sales 10,10,000 Total 10,10,000 10,10,000 (only relevant items) Closing Stock as on date was valued at ₹3,00,000. You are required to record the necessary … Read more
4. Operating profit earned by M/s Arora & Sachdeva in 2016-17 was ₹17,00,000. Its non-operating incomes were ₹1,50,000 and non-operating expenses were ₹3,75,000. Calculate the amount of net profit earned by the firm. NCERT/Rationalised 2023-24/Numerical Questions/Q-04 Answer : Back
3. Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2017. (₹) Opening stock 50,000 Net sales 11,00,000 Net purchases 6,00,000 Direct expenses 60,000 Administration expenses 45,000 Selling and distribution expenses 65,000 Loss … Read more
2. From the following balances extracted from the books of M/s Ahuja and Nanda. Calculate the amount of: (a) Cost of goods available for sale (b) Cost of goods sold during the year (c) Gross Profit (₹) Opening stock 25,000 Credit purchases 7,50,000 Cash purchases 3,00,000 Credit sales 12,00,000 Cash sales 4,00,000 Wages 1,00,000 Salaries … Read more
1. From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2017, calculate the gross profit. (₹) Closing stock 2,50,000 Net sales during the year 40,00,000 Net purchases during the year 15,00,000 Opening stock 15,00,000 Direct expenses 80,000 NCERT/Rationalised 2023-24/Numerical Questions/Q-01 Answer : Back