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From the following information, prepare ...

From the following information, prepare Trading Account for the year ended 31st March, 2019:

Net Realisable Value (Market Value) of stock as on 31st March, 2019 was Rs 1,20,000

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Verified by Experts

The correct Answer is:
Gross Profit - Rs 50,000
Closing Stock is shown at Net Realisable Value, i.e., Market Value (Rs 1,20,000) Since Market Value is less than the Cost of Stock
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TS GREWAL-FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP-Practical Problems
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  2. Ascertain Gross Profit from the following :

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  3. From the following information, prepare Trading Account for the year e...

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  4. From the following information, prepare Trading Account for the year e...

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

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  6. From the following information, prepare Trading Account for the year e...

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  7. From the following figures, calculate Operating Profit

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  8. From the following, prepare Profit and Loss Account of Sohan Lal as it...

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  9. From the following information, prepare Profit and Loss Account for th...

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  10. From the following particulars, prepare Balance Sheet as at 31st March...

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  11. From the following information, prepare Balance Sheet of a trader as a...

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

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  13. Prepare Trading and Profit and Loss Account and Balance Sheet of Jagat...

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

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

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  16. From the following balances of Anand, prepare Trading Account, Profit ...

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  17. From the following balances, prepare Final Accounts of M/s Raja & Sons...

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  18. From the following balances, prepare Final Accounts of M/s Mangal & So...

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  19. From the following balances prepare Trading and Profit and Loss Accoun...

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  20. From the following balances taken from the books of Hari & Co., prepar...

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