Question No 06 Chapter No 17
Table of Contents
06. From the following figure, ascertain the gross profit of Ranger:
| Rs | Rs | ||
| Opening stock | 25,000 | Closing stock | 30,000 |
| Goods purchased during the year | 1,40,000 | Sales | 1,90,000 |
| Freight and packing on above | 10,000 | Packing expenses on the sale | 1,440 |
The solution of Question No 06 Chapter No 17:-
| Trading Account |
|||||
| Particular |
Amount | Particular |
Amount | ||
| To opening Stock A/c | 25,000 | By Sales | 1,90,000 | ||
| To Purchases | 1,40,000 | ||||
| To Freight and Packing | 10000 | 30,000 | |||
| To Gross Profit | 45,000 | ||||
| 2,20,000 | 2,20,000 | ||||
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
- Chapter No. 1 – Introduction
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Origin of Transactions
- Chapter No. 4 – Vouchers and transactions
- Chapter No. 5 – Journal
- Chapter No. 6 – Accounting for Goods and Services Tax(GST)
- Chapter No. 7 – Ledger
- Chapter No. 8 – Cash Book
- Chapter No. 9 – Other Subsidiary Books
- Chapter No. 10 – Journal Proper
- Chapter No. 11 – Trial Balance
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Depreciation
- Chapter No. 14 – Provisions and Reserves
- Chapter No. 15 – Bills of Exchange
- Chapter No. 16 – Rectification of Errors
- Chapter No. 17 – Financial Statements – (Without Adjustments)
- Chapter No. 18 – Financial Statements – (With Adjustments)