. From the following balances taken from the books of jakson and watson 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
. From the following balances taken from the books of jakson and watson 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
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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. From the following balances taken from the books of jakson and watson 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
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