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From the given information, choose the most appropriate answer:
Q.Gross profit will be
- a)Rs. 6,000
- b)Rs. 5,000
- c)Rs.8,000
- d)Rs. 7,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
From the given information, choose the most appropriate answer:Q.Gross...
C.O.G.S = opening stock + purchases+ trading expenses-closing stock.
9000=6000+10000+4000- closing stock.
closing stock= -9000+20000
closing stock= 11000
opening stock+purchases+ trading expenses + gross profit=sales + closing stock.
6000+10000+4000+ g.p= 15000+11000
G.P = 26000-20000
G.P= 6000.
9000=6000+10000+4000- closing stock.
closing stock= -9000+20000
closing stock= 11000
opening stock+purchases+ trading expenses + gross profit=sales + closing stock.
6000+10000+4000+ g.p= 15000+11000
G.P = 26000-20000
G.P= 6000.
Community Answer
From the given information, choose the most appropriate answer:Q.Gross...
Accounting Calculations
- Sales: Rs. 15,000
- Opening Stock: Rs. 6,000
- Purchases: Rs. 10,000
- Closing Stock: Rs. 7,000 (Calculated)
- Cost of Goods Sold: Rs. 9,000
- Gross Profit: Rs. 6,000 (Calculated)
- Trading Expenses: Rs. 4,000
- Net Profit: ? (Needs Calculation)
Calculations:
Closing Stock Calculation:
Closing Stock = Opening Stock + Purchases - Cost of Goods Sold
Closing Stock = Rs. 6,000 + Rs. 10,000 - Rs. 9,000 = Rs. 7,000
Gross Profit Calculation:
Gross Profit = Sales - Cost of Goods Sold
Gross Profit = Rs. 15,000 - Rs. 9,000 = Rs. 6,000
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From the given information, choose the most appropriate answer:Q.Gross profit will bea)Rs. 6,000b)Rs. 5,000c)Rs.8,000d)Rs. 7,000Correct answer is option 'A'. Can you explain this answer?
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