[DK Goel] Q. 13 Financial Statements (without Adjustments) Solutions Class 11 CBSE (2025-26)
Solutions of Question number 13 of Chapter 20 Financial Statements (without Adjustments) DK Goel class 11 CBSE (2025-26)
Calculate the amount of gross profit, operating profit and net profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2023.
| ₹ | |
| Opening Stock | 50,000 |
| Net Sales | 11,00,000 |
| Net Purchases | 6,00,000 |
| Direct Expenses | 60,000 |
| Administration Expenses | 45,000 |
| Selling and distribution Expenses | 65,000 |
| Loss due to fire | 20,000 |
| Closing Stock | 70,000 |
[Ans. Gross Profit ₹ 4,60,000, Operating Profit ₹ 3,50,000; Net Profit ₹ 3,30,000.]
Solution:-
