[DK Goel] Q. 3 Financial Statements (without Adjustments) Solutions Class 11 CBSE (2025-26)
Solutions of Question number 3 of Chapter 20 Financial Statements (without Adjustments) DK Goel class 11 CBSE (2025-26)
Q. 3 (A). Calculate Cost of goods sold from the following:
| ₹ | |
| Opening Stock | 40,000 |
| Net Purchases | 50,000 |
| Net Sales | 1,90,000 |
| Wages and Salaries | 10,000 |
| Rent Paid | 15,000 |
| Closing Stock | 15,000 |
[Ans. Cost of Goods Sold ₹ 85,000]
Solution:-
Q. 3 (B). Ascertain Cost of Goods Sold and Gross Profit from the following:
| ₹ | |
| Opening Stock | 48,000 |
| Purchases | 4,20,000 |
| Direct Expenses | 30,000 |
| Indirect Expenses | 57,000 |
| Closing Stock | 75,000 |
| Sales | 6,00,000 |
| Sales Return | 12,000 |
[Ans. Cost of goods sold ₹ 4,23,000; Gross Profit ₹ 1,65,000.]
Note: Indirect Expenses will not be considered while computing the Cost of Goods Sold.
Solution:-
