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From the following figures ascertain the gross profit:
Rs.
Rs.
- a)Rs.36,000
- b)Rs. 45,000
- c)Rs. 50,000
- d)Rs.59,000
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)...
The correct option is B.
Gross profit = revenue sales- Cost of goods sold
Cost of goods sold= Opening Stock + Purchases + Direct expenses - Closing Stock
=25,000+1,30,000+5,000-15,000=₹1,45,000
Gross Profit=1,90,000-1,45,000=₹45,000
Gross profit = revenue sales- Cost of goods sold
Cost of goods sold= Opening Stock + Purchases + Direct expenses - Closing Stock
=25,000+1,30,000+5,000-15,000=₹1,45,000
Gross Profit=1,90,000-1,45,000=₹45,000
Most Upvoted Answer
From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)...
The correct option is B.
Gross profit = revenue sales - Cost of goods sold
Cost of goods sold = Opening Stock + Purchases + Direct expenses - Closing Stock
= 25,000 + 1,30,000 + 5,000 - 15,000 = ₹1,45,000
Gross Profit = 1,90,000 - 1,45,000 = ₹45,000
Gross profit = revenue sales - Cost of goods sold
Cost of goods sold = Opening Stock + Purchases + Direct expenses - Closing Stock
= 25,000 + 1,30,000 + 5,000 - 15,000 = ₹1,45,000
Gross Profit = 1,90,000 - 1,45,000 = ₹45,000
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Community Answer
From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)...
COST OF GOODS SOLD =O.I +PUR.+DIRECT EXP.-C.I CGS=25000+130000+5000-15000=145000 we don't take selling expenses it comes in P&L A/C. G.P=SALES-CGS GP=190000-145000=45000
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From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)Rs. 45,000c)Rs. 50,000d)Rs.59,000Correct answer is option 'B'. Can you explain this answer?
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From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)Rs. 45,000c)Rs. 50,000d)Rs.59,000Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)Rs. 45,000c)Rs. 50,000d)Rs.59,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following figures ascertain the gross profit:Rs.a)Rs.36,000b)Rs. 45,000c)Rs. 50,000d)Rs.59,000Correct answer is option 'B'. Can you explain this answer?.
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