From the following balances taken from the books of Simmi and Vimmi Lt – InterviewSolution

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1.	From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2011, calculate the gross profit. (Rs.) Closing stock 2,50,000 Net sales during the year 40,00,000 Net purchase during the year 15,00,000 Opening stock 15,00,000 Direct expenses 80,000
Answer» From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2011, calculate the gross profit. $(R s .)$ $Closing stock 2, 50, 000$ $Net sales during the year 40, 00, 000$ $Net purchase during the year 15, 00, 000$ $Opening stock 15, 00, 000$ $Direct expenses 80, 000$

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