Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent Of Office Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; Drawings Rs. 10,000; Gross profit will be A Rs 50,000 O b. Rs 47,600 C Rs 42,600 O d. Rs 50,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent Of
Office Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; Drawings
Rs. 10,000; Gross profit will be
A Rs 50,000
O b. Rs 47,600
C Rs 42,600
Od. Rs 50,600
Transcribed Image Text:Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent Of Office Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; Drawings Rs. 10,000; Gross profit will be A Rs 50,000 O b. Rs 47,600 C Rs 42,600 Od. Rs 50,600
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