श्री रमेश प्रोवाइड थे फॉलोइंग डीटेल्स फॉर द ईयर एंडेड 2031 3 2024 कास्...
Details provided:
- Year ended: 2031-2024
- Cash sales: 5 lakh
- Credit sales: 80% of total sales
- Total outstanding during the year: 3,50,000 (including 50,000 prepared for the next previous)
Calculating the profit basis:
Step 1: Calculate total sales
- Cash sales: 5,00,000
- Credit sales: 80% of total sales
- Total sales = Cash sales + Credit sales
- Total sales = 5,00,000 + (0.80 * Total sales)
- Total sales = 5,00,000 + 0.80 * Total sales
- 0.20 * Total sales = 5,00,000
- Total sales = 5,00,000 / 0.20
- Total sales = 25,00,000
Step 2: Calculate credit sales
- Total outstanding during the year: 3,50,000
- Including prepared for the next previous: 50,000
- Credit sales = Total outstanding - Prepared for the next previous
- Credit sales = 3,50,000 - 50,000
- Credit sales = 3,00,000
Step 3: Calculate cash sales
- Cash sales = Total sales - Credit sales
- Cash sales = 25,00,000 - 3,00,000
- Cash sales = 22,00,000
Step 4: Calculate profit
- Profit = Total sales - Cost
- Cost = Cash sales (as no cost is mentioned)
- Profit = 25,00,000 - 22,00,000
- Profit = 3,00,000
Therefore, the profit basis for the year ended 2031-2024 is 3,00,000.