Question No 05 Chapter No 17 – USHA Publication 11 Class

Posted by By Shubham Sharma 3 Min Read February 15, 2022
Question No 05 Chapter No 17
Q-05 - CH-17 - USHA +1 Book 2020 - Solution

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

The solution of Question No 05 Chapter No 17:-

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 To Closing Stock   8,880
To Wages A/c   1,440      
To Import Duty A/c   252      
To Gross Profit   2952      
    23,640     23,640

 

Final Accounts: Meaning, Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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