Cost of goods sold Rs. 6, 69, 600, sales Rs. 7, 44, 000, closing stock Rs. 50, 400.The gross profit for the year ending on 31st March 20X2 is
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- Calculate COGS from the data: Net profit = Rs.1,05,000, carriage inward = Rs. 15,000, carriage outward = Rs...
- The book value of furniture at the beginning of an year on 1st April was Rs. 1,50,000. During the year, fur...
- Furniture costing Rs. 20,000 is sold at a profit of Rs. 2,000 for cash. It will result in
- Mr Ram bought a DVD set for Rs. 14,000. He sold it to Sham for Rs. 18,000. Sham sold it to Raj for Rs. 24,0...
- A club has the following balances at the beginning of a year: Subscription outstanding: Rs. 15,000 Subscrip...
- COGS = Rs. 2,00,000, Gross loss = Rs. 40,000, Operating expenses = Rs. 30,000 Calculate net sales.
- Ludhiana Club has a bar inside the club. Purchases on the account of bar during the previous month were Rs....
- Subscription income during an year is Rs. 1,60,000. Subscription accrued at the beginning and at the end is...