preceding 1st January. The accounts were made upto 31st December, 2015 as usual and the Trading ar n wOJ Profit and Loss Account gave the following result : To Opening Stock To Purchases To Gross Profit c/d $ 1,40,000| By Sales 9,10,000 By Closing Stock 3,00,000 12,00,00 1,50,00 13,50,000 13,50,0 18,000 By Gross Profit b/d 20,000 51,000 48,000 12,000 15,000 3,00,0 To Rent, Rates and Insurance To Directors' Fees To Salaries To Office Expenses To Travel" rs' Commission To Discounts
preceding 1st January. The accounts were made upto 31st December, 2015 as usual and the Trading ar n wOJ Profit and Loss Account gave the following result : To Opening Stock To Purchases To Gross Profit c/d $ 1,40,000| By Sales 9,10,000 By Closing Stock 3,00,000 12,00,00 1,50,00 13,50,000 13,50,0 18,000 By Gross Profit b/d 20,000 51,000 48,000 12,000 15,000 3,00,0 To Rent, Rates and Insurance To Directors' Fees To Salaries To Office Expenses To Travel" rs' Commission To Discounts
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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