Question No 04 Chapter No 19

Question No 04 Chapter No 19

04. Calculate Gross Profit on the basis of the following information:

ParticularRs
Purchases6,80,000
Return Outwards30,000
Carriage Inwards20,000
Carriage Outwards15,000
Wages50,000
3/4 of the goods are sold for6,00,000

The solution of Question No 04 Chapter No 19: –

Cost of Goods Sold=Opening Stock + Net Purchases + Direct Expenses – Closing Stock
   
Net Purchases=Purchases – Purchases Return
 =6,80,000 – 30,000
 =Rs 6,50,000
   
Direct Expenses=Carriage Inwards + Wages
 =20,000 + 50,000
 =Rs 70,000
   
Cost of Goods Sold=Opening Stock + Net Purchases + Direct Expenses – Closing Stock
 =0 + 6,50,000 + 70,000 + 0
 =Rs 7,20,000

Trading Account: Meaning, Format and Examples

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 04 Chapter No 19 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-

close