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3.Find out Gross profit /Gross Loss purchases ₹ 30,000, sales ₹ 15000, carriage inward ₹ 2400 opening stock ₹ 10,000, purchase returns ₹ 1000, closing stock ₹ 36000 |
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Answer» ong>EXPLANATION: dr of TRADING Account opening STOCK + purchase - purchase return + carriage inward 10000+30000-1000+2400 42400-1000 41400 cr SIDE of trading Account sales + closing stock 15000 + 36000 51000 cr side is greater means gross profit 51000-41400 9600 so Gross Profit = 9600 |
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