Question No 10 Chapter No 1 – USHA Publication 11 Class

Question No 10 Chapter No 1

Question No 10 Chapter No 1

10. From the following data of Harinder, find out the cost of goods sold and sales for the year 2016-17

  Rs
Opening stock  60,000
Purchases during year 1,60,000
Import duty 18,000
Closing stock 38,000
Gross profit 15% on cost   

 

The solution of Question No 10 Chapter No 1: –

 

Calculation of cost of goods sold and sales
Particular
Amount
Opening stock   60,000
+ Purchases   1,60,000
+ Import duty   18,000
    2,38,000
– Closing stock   38,000
Cost of goods sold   2,00,000
+ Gross Profit (15%on cost)   30,000
Sales   2,30,000

 

 

Financial Accounting – Introduction and its Functions

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

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)

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