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Read the following hypothetical Case Study and answer the given questions:
The accountant of M/s Rakhi Enterprises wrote the following balance on 31st March 2019. She wants to prepare the final accounts, but she has certain doubts in her mind.
Q. The Gross Profit earned by the firm is _________.
  • a)
    ₹61,800
  • b)
    ₹62,800
  • c)
    ₹57,800
  • d)
    ₹61,800
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Read the following hypothetical Case Study and answer the given quest...
The Gross Profit earned by the firm is ₹61,800.
The gross profit formula is: Gross Profit = Revenue – Cost of Goods Sold.
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Read the following hypothetical Case Study and answer the given questions:The accountant of M/s Rakhi Enterprises wrote the following balance on 31st March 2019. She wants to prepare the final accounts, but she has certain doubts in her mind.Q. The Gross Profit earned by the firm is _________.a)₹61,800b)₹62,800c)₹57,800d)₹61,800Correct answer is option 'A'. Can you explain this answer?
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