Question No 07 Chapter No 19

Question No 07 Chapter No 19

07. Calculate the gross profit and cost of goods sold from the following information: Net Sales 9,00,000 Gross Profit is 20% on cost.

The solution of Question No 07 Chapter No 19: –

Gross Profit=20% on Cost Or 1/5 on the cost
 =1/5 on cost = 1/6 on Sale
 =1X9,00,000
 6
 =Rs 1,50,000  
Cost of goods Sold=Sale – Gross Profit
 =9,00,000 – 1,50,000
 =Rs 7,50,000

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 07 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

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