
Question No 05 Chapter No 17
05. Ascertain gross profit from the following figures:
| Rs | Rs | ||
| Opening stock | 5,570 | Closing stock | 8,880 |
| Purchases | 13,816 | Import duty | 252 |
| Sales | 15,284 | Wages paid | 1,440 |
| Purchases return | 390 | Return inwards | 524 |
Trading Account
| Particular |
Amount | Particular |
Amount | ||
|---|---|---|---|---|---|
| To opening Stock A/c | 5,570 | By Sales | 15,284 | ||
| To Purchases | 13,816 | Less: Return Inward | 524 | 14,760 | |
| Less: Purchases return | 390 | 13,426 | By Closing Stock | 8,880 | |
| To Wages A/c | 1,440 | ||||
| To Import Duty A/c | 252 | ||||
| To Gross Profit | 2952 | ||||
| 23,640 | 23,640 | ||||
https://tutorstips.com/final-accounts/
https://tutorstips.com/profit-and-loss-account/
https://tutorstips.com/balance-sheet/
You can check all the above article in Hindi from the following link:
Thanks, Please Like and share with your friends
Comment if you have any questions.
Also, Check out the solved question of all Chapters: –
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 05 Chapter No 17 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 05 Chapter No 17 - USHA Publication 11 Class" instantly.