4. Calculate Closing Stock from the following details:
| ₹ | ₹ | ||
|---|---|---|---|
| Opening Stock | 20,000 | Credit Sales | 40,000 |
| Cash Sales | 60,000 | Rate of Gross Profit on Cost 33% | |
| Purchases | 70,000 |
(KVS)
T.S.Grewal/2024 Edition/Practical Problems/Q-04
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 :