[CBSE] Q 5 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 5 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?

Ascertain Gross Profit from the following information:

Opening Stock2,00,000
Closing Stock1,80,000
Purchases8,50,000
Carriage on Purchases23,000
Carriage on Sales30,000
Office Rent58,000
Sales14,07,000

[Gross Profit – ₹ 5,14,000.]

Solution:-

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