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Commerce · Q1957

Accounting

Graduate and Post Graduate · Commerce · question 1957

Q1957

Opening Stock Rs. 15,000 Purchases Rs. 40,000 Cost of goods sold Rs. 52,000 Sales Rs. 57,000 Gross profit on gross loss is?

Opening Stock Rs. 15,000
Purchases Rs. 40,000
Cost of goods sold Rs. 52,000
Sales Rs. 57,000

Gross profit on gross loss is?
A.
Rs. 12,000
B.
Rs. 5,000
Answer
C.
Rs. 5,000 (Loss)
D.
Rs. 7,000

Answer: Option B

Solution

Answer: Option B
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