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From the following balances taken from the books of Saravanan, calculate gross profit for the year ended December 31, 2017. - Accountancy

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प्रश्न

From the following balances taken from the books of Saravanan, calculate gross profit for the year ended December 31, 2017.

Particulars Particulars
Opening stock 1,50,000 Net sales during the year 4,00,000
Direct expenses 8,000 Net purchases during the year 1,50,000
Closing Stock 25,000    
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उत्तर

Particulars Particulars
Opening stock 1,50,000 By sales 4,00,000
To purchases 1,50,000 By Closing Stock 25,000
To Direct expenses 8,000    
To Gross Profit c/d 1,17,000    
  4,25,000   4,25,000
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पाठ 12: Final Accounts of Sole Proprietors - 1 - Exercises [पृष्ठ २६५]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
पाठ 12 Final Accounts of Sole Proprietors - 1
Exercises | Q IV 2. | पृष्ठ २६५
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