From the following information, prepare Trading Account for the year ended 31st March, 2023: Adjusted Purchases ₹ 5,50,000; Sales ₹ 6,25,000
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Following balances are in the Trial Balance of a firm as on 31st March, 2023: Raw Materials 80,000 Finished Goods 1,40,000
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From the following information, prepare Trading Account for the year ended 31st March, 2023: Adjusted purchases ₹ 6,60,000; Sales ₹ 7,44,000
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From the following information, prepare Trading Account for the year ended 31st March, 2023: Stock on 1st April, 2022 40,000 Purchases 4,00,000
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Ascertain Gross Profit from the following information: Opening Stock 3,00,000 Closing Stock 2,80,000
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Calculate Closing Stock from the following details: Opening Stock ₹ 20,000 Cash Sales ₹ 60,000
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Prepare Trading Account from the transactions given below: Opening Stock 33,000 Purchases 29,000
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From the following information, determine Gross Profit for the year ended 31st March, 2023: Opening Stock (1st April, 2021)
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State whether the following expenses are capital or revenue in nature: Expenses on whitewhashing and painting of a building purchased to make it ready for use.
Solution:- I) Capital Expenses Reason:- Expenses incurred on after purchasing an assets are included in the purchasing cost of the assets. ii) Capital Expenses Reason:- Expneses incurred on a new machine to make it usable is included in the purchasing…
Fit India Ltd. has paid-up share capital of ₹ 1,00,00,000 (divided into 5,00,000 Equity Shares of ₹ 20 each) and 10,000, 7% Debentures of ₹ 200 each
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