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Question No 06 Chapter No 18 – T.S. Grewal 11 Class

Question No 06 Chapter No 18
Question No.06 - Chapter No.18- T.S. Grewal +1 Book 2019-Solution

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Question No 06 Chapter No 18

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6.Ascertain Gross Profit from the following:

    
Opening Stock2,00,000Carriage on Sales30,000
Closing Stock1,80,000Office Rent58,000
Purchases8,50,000Sales14,07,000
Carriage on Purchases23,000  

 

The solution of Question No 06 Chapter No 18:-

 

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Trading Account   
Particulars

AmountParticulars

Amount
To Opening Stock 2,00,000By Sales 4,07,000
To Purchases 8,50,000   
To Carriage on Purchase 23,000   
   By Closing Stock 1,80,000
To Gross Profit 5,14,000   
  15,87,000  15,87,000

Note: Carriage on Sales and Office Rent are the Indirect Expenses, therefore, these are not considered to compute the amount of Gross Profit

 

Final Accounts: Meaning, Definition and Explanation

 

Trading Account: Meaning, Format and Examples

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Comment if you have any question.

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

    • Chapter No. 1 – Introduction to Accounting
    • Chapter No. 2 – Basic Accounting Terms
    • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
    • Chapter No. 4 – Bases of Accounting
    • Chapter No. 5 – Accounting Equation
    • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
    • Goods and Services Tax(GST)
    • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
    • Chapter No. 8 – Journal
    • Chapter No. 9 – Ledger
    • Chapter No. 10 – Special Purpose Books I – Cash Book
    • Chapter No. 11 – Special Purpose Books II – Other Books
    • Chapter No. 12 – Bank Reconciliation Statement
    • Chapter No. 13 – Trial Balance
    • Chapter No. 14 – Depreciation
    • Chapter No. 15 – Provisions and Reserves
    • Chapter No. 16 – Accounting for Bills of Exchange
    • Chapter No. 17 – Rectification of Errors
    • Chapter No. 18 – Financial Statements of Sole Proprietorship
    • Chapter No. 19 – Adjustments in preparation of Financial Statements
    • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
    • Chapter No. 21 – Computers in Accounting
    • Chapter No. 22 – Accounting Software – Tally
    • Chapter No. 5 – Accounting Equation
    • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
    • Goods and Services Tax(GST)
    • Chapter No. 8 – Journal
    • Chapter No. 9 – Ledger
    • Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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