5. Ascertain Gross Profit from the following information:
| ₹ | ₹ | ||
|---|---|---|---|
| Opening Stock | 3,00,000 | Carriage on Sales | 30,000 |
| Closing Stock | 2,80,000 | Office Rent | 58,000 |
| Purchases | 8,50,000 | Sales | 14,07,000 |
| Carriage on Purchases | 23,000 |
T.S.Grewal/2024 Edition/Practical Problems/Q-05
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 :