Calculation of Gross Profit Or Gross Loss give example?
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Answer / bikas
Prepare Trading Account to Know the Gross Profit or Gross
Loss
Dr._____________________________________________________ Cr.
To Opening Stock --- By Sales ----
To Purchase ----
Less: Return ---- --- By Closing Stock ----
To All manufacturing
Exp.:
Carriage inward
Factory exp.
lighting
Fuel
Labour
etc. By Gross Prifit ----
____________ ________
_________ _______
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / swetha singh
Gross Profit or Gross Loss can be determined by preparing a
trading & Profit & Loss a/c
Excess of credit over debit, the difference amount gives
you gross profit.
Excess of debit over credit, the difference amount gives
you gross loss.
| Is This Answer Correct ? | 4 Yes | 1 No |
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