From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending
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From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2003, calculate the gross profit.
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Closing stock Net sales during the year Net purchases during the year Opening stock Direct expenses (Rs.) 2,50,000 40,00,000 15,00,000 15,00,000 80,000
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ANSWER To calculate the gross profit you can use the following formula GrossProfit NetSales CostofGo...View the full answer
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