Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M s Rajiv Sons for the year ended March 31, 2005 Opening stock Net sales Net purchases Direct expenses Administration expenses Selling and distribution expenses Loss due to f...

ANSWER To calculate the gross profit and operating profit well use the following formulas Gross Prof ...

Calculate the amount of gross profit and operating profit on the basis of the following balances extracted

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Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2005.

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Accountancy Financial Accounting Part 2 For Class 11

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Calculate the amount of gross profit and operating profit on the basis of the following balances extracted

Question:

Opening stock Net sales Net purchases Direct expenses Administration expenses Selling and distribution expenses Loss due to fire Closing stock Rs. 50,000 11,00,000 6,00,000 60,000 45,000 65,000 20,000 70,000

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ANSWER To calculate the gross profit and operating profit well use the following formulas Gross Prof...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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