From the following information Rs. Value of stock on 1.4.2016 7,00,000 Purchases during the period from 1.4.2016 to 31.3.2017 34,60,000 Manufacturing expenses during the above period 7,00,000 Sales during the same period 52,20,000 At the time of valuing stock on 31.3.2016 a sum of Rs. 60,000 was written off a particular item which was originally purchased for Rs. 2,00,000 and was sold for Rs. 1,60,000. But for the above transaction the gross profit earned during the year was 25% on cost.?

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This discussion on From the following information Rs. Value of stock on 1.4.2016 7,00,000 Purchases during the period from 1.4.2016 to 31.3.2017 34,60,000 Manufacturing expenses during the above period 7,00,000 Sales during the same period 52,20,000 At the time of valuing stock on 31.3.2016 a sum of Rs. 60,000 was written off a particular item which was originally purchased for Rs. 2,00,000 and was sold for Rs. 1,60,000. But for the above transaction the gross profit earned during the year was 25% on cost.? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of From the following information Rs. Value of stock on 1.4.2016 7,00,000 Purchases during the period from 1.4.2016 to 31.3.2017 34,60,000 Manufacturing expenses during the above period 7,00,000 Sales during the same period 52,20,000 At the time of valuing stock on 31.3.2016 a sum of Rs. 60,000 was written off a particular item which was originally purchased for Rs. 2,00,000 and was sold for Rs. 1,60,000. But for the above transaction the gross profit earned during the year was 25% on cost.? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like From the following information Rs. Value of stock on 1.4.2016 7,00,000 Purchases during the period from 1.4.2016 to 31.3.2017 34,60,000 Manufacturing expenses during the above period 7,00,000 Sales during the same period 52,20,000 At the time of valuing stock on 31.3.2016 a sum of Rs. 60,000 was written off a particular item which was originally purchased for Rs. 2,00,000 and was sold for Rs. 1,60,000. But for the above transaction the gross profit earned during the year was 25% on cost.? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.