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At the end of the financial year 2011-12 the gross profit of Ram’s business is Rs. 1,75,000. During the year carriage inward Rs. 15,000, Ram’s personal expenses Rs. 75,000 and carriage outward Rs. 17,500 were paid by Ram. Bad debts for the year were Rs. 12,000. The net profit earned by Ram for the year 2011-12 would be:
  • a)
    Rs. 1,45,500
  • b)
    Rs. 1,30,500
  • c)
    Rs. 55,500
  • d)
    Rs. 70,500
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
At the end of the financial year 2011-12 the gross profit of Ram&rsquo...
B. 130500
GP=175000
Less:Carriage inwards 15000
Carrage outwards 17500
Bad debts. 12000
Drawings will be deducted from capital
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Community Answer
At the end of the financial year 2011-12 the gross profit of Ram&rsquo...
Limited was Rs. 10,00,000. The operating expenses during the year were Rs. 4,00,000 and non-operating expenses Rs. 1,00,000. Calculate the net profit of the company for the financial year 2011-12.

Solution:

Gross Profit = Rs. 10,00,000
Operating Expenses = Rs. 4,00,000
Non-Operating Expenses = Rs. 1,00,000

Net Profit = Gross Profit - Operating Expenses - Non-Operating Expenses
= Rs. 10,00,000 - Rs. 4,00,000 - Rs. 1,00,000
= Rs. 5,00,000

Therefore, the net profit of Ram Limited for the financial year 2011-12 is Rs. 5,00,000.
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At the end of the financial year 2011-12 the gross profit of Ram’s business is Rs. 1,75,000. During the year carriage inward Rs. 15,000, Ram’s personal expenses Rs. 75,000 and carriage outward Rs. 17,500 were paid by Ram. Bad debts for the year were Rs. 12,000. The net profit earned by Ram for the year 2011-12 would be:a)Rs. 1,45,500b)Rs. 1,30,500c)Rs. 55,500d)Rs. 70,500Correct answer is option 'A'. Can you explain this answer?
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At the end of the financial year 2011-12 the gross profit of Ram’s business is Rs. 1,75,000. During the year carriage inward Rs. 15,000, Ram’s personal expenses Rs. 75,000 and carriage outward Rs. 17,500 were paid by Ram. Bad debts for the year were Rs. 12,000. The net profit earned by Ram for the year 2011-12 would be:a)Rs. 1,45,500b)Rs. 1,30,500c)Rs. 55,500d)Rs. 70,500Correct answer is option 'A'. 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 At the end of the financial year 2011-12 the gross profit of Ram’s business is Rs. 1,75,000. During the year carriage inward Rs. 15,000, Ram’s personal expenses Rs. 75,000 and carriage outward Rs. 17,500 were paid by Ram. Bad debts for the year were Rs. 12,000. The net profit earned by Ram for the year 2011-12 would be:a)Rs. 1,45,500b)Rs. 1,30,500c)Rs. 55,500d)Rs. 70,500Correct answer is option 'A'. 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 At the end of the financial year 2011-12 the gross profit of Ram’s business is Rs. 1,75,000. During the year carriage inward Rs. 15,000, Ram’s personal expenses Rs. 75,000 and carriage outward Rs. 17,500 were paid by Ram. Bad debts for the year were Rs. 12,000. The net profit earned by Ram for the year 2011-12 would be:a)Rs. 1,45,500b)Rs. 1,30,500c)Rs. 55,500d)Rs. 70,500Correct answer is option 'A'. Can you explain this answer?.
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