Ascertain Cost of Goods Sold and Gross Profit from the following Opening Stock ₹ 48,000 Purchases ₹ 4,20,000
Ascertain Cost of Goods Sold and Gross Profit from the following:
[Ans. Cost of goods sold ₹ 4,23,000; Gross Profit ₹ 1,65,000.]
Note: Indirect Expenses will not be considered while computing the Cost of Goods Sold.
| ₹ | |
| Opening Stock | 48,000 |
| Purchases | 4,20,000 |
| Direct Expenses | 30,000 |
| Indirect Expenses | 57,000 |
| Closing Stock | 75,000 |
| Sales | 6,00,000 |
| Sales Return | 12,000 |
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