3. Prepare Trading Account from the transactions given below: ₹ ₹ Opening Stock 33,000 Purchases Return 2,400 Purchases 29,000 Closing Stock 57,700 Sales Return 500 Carriage Inwards 100 Sales 25,400 Depreciation 2,000 Also pass the Journal entries. T.S.Grewal/2024 Edition/Practical Problems/Q-03 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial … Read more
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 … Read more
1. State whether the following expenses are capital or revenue in nature: (i) Expenses on whitewashing and painting of a building purchased to make it ready for use. (ii) 10,000 spent on constructing platform fora new machine. (iii) Repair expenses of 25,000 incurred for whitewashing of factory building. (iv) Insurance premium paid as renewal premium. … Read more