[NCERT] Q 1 Solutions of Financial Statement – I Class 11 (2022-23)

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Are you looking of the solutions of Question Number 1 of NCERT Financial Statement – I chapter 9 of Accountancy class 11 CBSE 2022-23

Solutions of Q 1 Financial Statement – I chapter of class 11 CBSE Board 2022-23

Question – 1

From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2017, calculate the gross profit.

Closing Stock2,50,000
Net Sales During the year40,00,000
Net Purchases During the year15,00,000
Opening Stock15,00,000
Direct Expenses80,000

Solution:-

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