Following balances taken from the books of paul and adam Ltd. for the year ending March 31, 2017, calculate the gross profit. Closing Stock 2,50,000 Net sales during the year 40,00,000 Net purchases during the year 15,00,000 Opening stock 15,00,000 Direct expenses 80,000 Trading account as on March 31, 2017 A/c

Following balances taken from the books of paul and adam Ltd. for the year ending March 31, 2017, calculate the gross profit. Closing Stock 2,50,000 Net sales during the year 40,00,000 Net purchases during the year 15,00,000 Opening stock 15,00,000 Direct expenses 80,000 Trading account as on March 31, 2017 A/c

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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