1.

Operating profit earned by M/s. Asoka & Sons in 2010-11 was Rs. 17,00,000. Its non-operating incomes were Rs. 1,50,000 and non-operating expenses were Rs.3,75,000. Calculate the amount of net profit earned by the firm.

Answer»

Net profit = Operating profit – Non-operating expenses + Non operating income = 1700000 – 375000 + 150000 Net Profit =Rs. 1475000



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