Home
Class 11
ACCOUNTS
Calculate the amount of gross profit and...

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, 2017.

Text Solution

Verified by Experts

The correct Answer is:
Gross profit Rs. 4,60,000, Operating profit Rs. 3,50,000
N/a
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-I|5 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-II|4 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise LONG ANSWERS|4 Videos

  • DEPRECIATION , PROVISIONS AND RESERVES

    NCERT|Exercise NUMERICAL PROBLEMS|22 Videos

  • FINANCIAL STATEMENTS - II

    NCERT|Exercise TEST YOUR UNDERSTANDING|5 Videos

Similar Questions

Explore conceptually related problems

From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2017, calculate the gross profit.

From the following balances prepare a trading and profit and loss account and balance sheet for the year ended March 31, 2017

From the following information, prepare a profit and loss account for the year ending March 31, 2017.

Following is the statement of profit and loss of skj ltd for the year ended 31 st march, 2019

From the following information, prepare Profit and Loss Account for the year ended 31st March, 2019:

Following balance is extracted from the books of a trader ascertain gross profit, operating profit and net profit for the year ended March 31, 2017.