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Teaching Accountancy Final Accounts Question Bank MCQ - Final Accounts

  • question_answer
    (`)
    Opening stock 15000
    Purchase 60000
    Wages 46000
    Fuel 15000
    Sale 145000
    The balance in books of X, a sole proprietor were Closing Stock ` 26,000 whose net realisable value was ` 28,000. Find the gross profit.

    A)                                  ` 35,000                                  

    B)  ` 42,500

    C)  ` 54,500                                  

    D)  ` 57,000

    Correct Answer: A

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