Question No 06 Chapter No 17

Question No 06 Chapter No 17

06. From the following figure, ascertain the gross profit of Ranger:

 Rs Rs
Opening stock25,000Closing stock30,000
Goods purchased during the year1,40,000Sales1,90,000
Freight and packing on above10,000Packing expenses on the sale1,440

 

The solution of Question No 06 Chapter No 17:-

 

Trading Account
Particular
AmountParticular
Amount
To opening Stock A/c 25,000By Sales 1,90,000
To Purchases 1,40,000   
To Freight and Packing 13,426To Closing Stock 30,000
To Gross Profit 45,000   
  2,20,000  2,20,000

 

Final Accounts: Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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

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

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