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Question 18 Chapter No 17 – Class 11 Unimax
Ascertain the value of closing stock from the following particulars:
| ₹ | |
| Stock in the beginning | 30,000 |
| Purchases | 1,00,000 |
| Sales | 2,00,000 |
| Sales returns | 8,000 |
| Productive expenses | 2,50,000 |
| Rate of gross profit on cost | 20% |
The solution of Question 18 Chapter No 17 – Class 11 Unimax
| Particulars | Amount | Particulars | Amount | |
| To Opening stock | 30,000 | By Sales A/c | 2,00,000 | |
| To Purchases | 1,00,000 | By Sales returns | 8,000 | 1,92,000 |
| To Productive expenses | 2,50,000 | By closing stock (Balance figure) | 2,26,400 | |
| To Gross Profit (20%on 1,92,000) | 38,400 | |||
| 4,18,400 | 4,18,400 | |||
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