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From the following information, determin...

From the following information, determine Gross Profit for the year ended 31st March, 2019:

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The correct Answer is:
Gross Profit - Rs 45,000
Packing Expenses on Sales' are indirect expenses, therefore, they are not considered while computing Cost of Goods Sold
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TS GREWAL-FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP-Practical Problems
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  6. Ascertain Gross Profit from the following :

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  9. Following balances appear in the Trial Balance of a firm as on 31st Ma...

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  16. From the Balance Sheet given below, calculate: (i) Fixed Assets (ii)...

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  18. From the following balances, prepare Trading and Profit and Loss Accou...

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  19. The following are the balances as on 31st March, 2019 extracted from t...

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