Calculate Closing Stock from the following details:
Opening stock Rs. 80000; Cash sales Rs. 240000; Credit sales Rs. 160000; Purchases Rs. 280000. Rate of gross profit on cost \(33\frac { 1 }{ 3 } \)%.

S. Sharma doses their financial books on 31 December, 2013. Stock taking takes about two weeks. In 2014 the, value of dosing stock thus arrived at was ~ 25,000. During the two weeks in which stock taking took place, purchases made were Rs. 1,000 and sales totalled Rs. 4,000. The firm makes a Gross Profit of 30% on sales. Ascertain the value of dosing stock of 31st Dec., 2013.

What is an Operating Profit?

From the following balances extracted from the books of M/s Ahuja and Nanda. Calculate the amount of :
(i) Cost of goods available for sale
(ii) Cost of goods sold during the year
(iii) Gross Profit

Operating profit earned by M/s Arora and Sachdeva in 2013-14 was Rs.17,00,000. Its non-operating incomes were Rs.1,50,000 and non-operating expenses were Rs.3,75,000. Calculate the amount of net profit earned by the firm.

Prepare a Trading Account of M/s Priyank Products from the following particulars pertaining to the year 2013-14.

(i) Net sales during the year 2016 is 2,85,000. Gross profit of 25% on sale. Find out Cost of Good sold.
(ii) Calculate Net Sales and Gross Profit from the following information: Cost of goods sold Rs. 1,00,000 Gross profit 20% on sales.

Calculate Gross Profit from the following information:

From the Balance Sheet given below, calculate the following:
(i) Fixed Assets
(ii) Current Assets
(iii) Current Liabilities
(iv) Working Capital
(v) Capital Employed.

The following Trial balance was extracted from the books of M/s. J. S. Bros. on March 31, 2014. Prepare Trading and Profit & Loss Account and a Balance sheet as on that date. The closing stock amounted to Rs.14,220.