Q18. From the following figures, find out: (a) Cost of Goods Sold (b) Gross Profit Stock of goods on 1.4.2016... ......... 15,675 Purchases 37,000 Purchases return 4,725 Sales return 8,987 Carriage inward HERE 1,123 Sales 77,765 Stock of goods on 31.3.2017 1,775 Q19. From the following data of M/s Rita Ltd., find out the cost of goods sold and sales for the year 2016-17 80000 Opening stock Purchases. 1,90,000 Purchases return 20,000 .. Carriage on purchases ....... 10,000 Closing stock 60,000 Gross Profit 20% on sales