Closing Stock & Openning Stock

17-12-2022

Aloo 100 kg @ 8 = 800 (Pur)

Purchas a/c dr 800
To Cash a/c
800 (F9)
(aloo 100 kg @ 8 = 800)
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Aloo kg 80 @10= 800 (sales)

Cash a/c dr 800

To sales a/c 800 (F8)
( aloo 80 kg @ 10= 800 )
Profit= {Net Sales+ Closing Stock} - { Net Purchase + Openning Stock}

profit= {800+160} - {800} = 960-800= 160

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18-12-2022

Aloo 200 kg @ 8 = 1600 (Pur)

Aloo kg 210 @ 10= 2100 (sales)

profit = { 2100+ 80} - { 1600+ 160}

= 2180-1760 = Rs 420