From the following balances extracted from the books of M/s Ahuja and Nanda. Calculate the amount of

Question:

From the following balances extracted from the books of M/s Ahuja and Nanda. Calculate the amount of :

(a) Cost of goods available for sale

(b) Cost of goods sold during the year

(c) Gross Profit

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

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Question Posted: Feb 16, 2024 12:00 PM

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From the following balances extracted from the books of M/s Ahuja and Nanda. Calculate the amount of

Question:

Opening stock Credit purchases Cash purchases Credit sales Cash sales Wages Salaries Closing stock Sales return Purchases return Rs. 25,000 7,50,000 3,00,000 12,00,000 4,00,000 1,00,000 1,40,000 30,000 50,000 10,000

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Answer To calculate the required amounts well first determine the cost of goods available for sale t...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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