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...

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...

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...

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

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...

6. Prepare trading and profit and loss account and balance sheet as on March 31, 2017: Account Title Debit Amount (₹) Account Title CreditAmount (₹) Machinery 27,000 Capital 60,000 Sundry debtors 21,600 Bills payable 2,800 Drawings 2,700 Sundry creditors 1,400 Purchases 58,500 Sales 73,500 Wages 15,000 Sundry expenses 600 Rent...

7. The following trial balance is extracted from the books of M/s Ram on March 31, 2017. You are required to prepare trading and profit and loss account and the balance sheet as on date: Account Title Debit Amount (₹) Account Title CreditAmount (₹) Debtors 12,000 Apprenticeship premium 5,000 Purchases...

8. The following is the trial balance of Manju Chawla on March 31, 2017. You are required  to prepare trading and profit and loss account and a balance sheet as on date: Account Title DebitAmount (₹) CreditAmount (₹) Opening stock 10,000 Purchases and sales 40,000 80,000 Returns 200 600 Productive...

9. The following is the trial balance of Mr. Deepak as on March 31, 2017. You are required to prepare trading account, profit and loss account and a balance sheet as on date: Account Title Debit Amount (₹) Account Title CreditAmount (₹) Drawings 36,000 Capital 2,50,000 Insurance 3,000 Bills payable...

10. Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2017. Account Title DebitAmount (₹) CreditAmount (₹) Purchases and Sales 3,52,000 5,60,000 Return inwards and Return outwards 9,600 12,000 Carriage inwards 7,000 Carriage outwards 3,360 Fuel and power 24,800 Opening stock...

11. From the following trial balance of Mr. A. Lal, prepare trading, profit and loss account and balance sheet as on March 31, 2017. Account Title DebitAmount (₹) CreditAmount (₹) Stock as on April 01, 2016 16,000 Purchases and Sales 67,600 1,12,000 Returns inwards and outwards 4,600 3,200 Carriage inwards...

12. Prepare trading and profit and loss account and balance sheet of M/s Royal Traders from the following balances as on March 31, 2017. Account Title Debit Amount (₹) Account Title CreditAmount (₹) Stock 20,000 Sales 2,45,000 Cash 5,000 Creditors 10,000 Bank 10,000 Bills payable 4,000 Carriage on purchases 1,500...

13. Prepare trading and profit and loss account from the following particulars of M/s Neema Traders as on March 31, 2017. Account Title Debit Amount (₹) Account Title CreditAmount (₹) Buildings 23,000 Sales 1,80,000 Plant 16,930 Loan 8,000 Carriage inwards 1,000 Bills payable 2,520 Wages 3,300 Bank overdraft 4,720 Purchases...

14. From the following balances of M/s Nilu Sarees as on March 31, 2017. Prepare trading and profit and loss account and balance sheet as on date. Account Title Debit Amount (₹) Account Title CreditAmount (₹) Opening stock 10,000 Sales 2,28,000 Purchases 78,000 Capital 70,000 Carriage inwards 2,500 Interest 7,000...

15. Prepare trading and profit and loss account of M/s Sports Equipments for the year ended March 31, 2017 and balance sheet as on that date: Account Title DebitAmount (₹) CreditAmount (₹) Opening stock 50,000 Purchases and sales 3,50,000 4,21,000 Sales returns 5,000 Capital 3,00,000 Commission 4,000 Creditors 1,00,000 Bank...