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Question 8 Mr Maruti a manufacturer in Chennai gives the following Manufacturing, Trading and Profit and loss account for the year ending 31= March 2020

Question 8 Mr Maruti a manufacturer in Chennai gives the following Manufacturing, Trading and Profit and loss account for the year ending 31= March 2020 Particulars Rs. Particulars Rs. To Opening Stock 71,000 By Sales 2,32,00,000 " Purchases 2,16,99,000 Closing Stock 2,00,000 " Wages 5.70,000 " Gross profit 10,60,000 2,34,00,000 2,34,00,000 To Administrative 3,26,000 By Gross Profit 10,60,000 " GST penalty 5.000 " GST paid 1, 10,000 " General Expenses 54.000

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