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25. calculate the Gross profit and Net profit and on the basis of following balances of sh. Madan Mohan for the year ending 31" march 2019,PARTICULARSRSPARTICULARSRSStock 1.04.20206500 Insurance premium800Purchases11,21,200 Travelling expenses 1200Sales22,12,120 Custom duty3000Purchases return2200General expenses1100Sales return13,100 Bank interest (Dr)600Carriage inward700 Commission (Cr)3500Rent24,000 Advertisement2400Office lighting12,000Office expenses17.000Interest on investment 2600 Dividend received1400Closing stock was valuedat 22,000​

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