1.

From the following balances taken from the books of Rahim and Qasim
Private Ltd. for the year ending March 31, 2019, calculate the gross profit.
(Pkr)
Closing Stock 2,60,000
Net sales during the year 30000
Net purchases during the year 15,00,000
Opening stock 15,00,000
Direct expenses 80000

Trading Account Rahim and Qasim Year ending Mar 31, 2019

DR CR
Expenses\loses Amount Revenue Gain Amount
Opening stock 15,00,000 Net Sale 30000

Net purchases 15,00,000 Closing Stock 260000

Direct expenses 80,000

Gross Profit 1170000

4250000 4250000

Last date of 23 Nov 2021

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