| Trdg A/c for 2009-10 | |||
| Opng Stk | 30 | Sales | 400 |
| Pur | 325 | ||
| GP | 80 | clsg stk | 35 |
| 435 | 435 | ||
| GP Margin | 20% | ||
| Trdg A/c for 2010-11 | |||
| Opng Stk | 35 | Sales | 500 |
| Pur | 420 | ||
| GP | 100 | clsg stk | 55 |
| 555 | 555 | ||
| GP Margin | 20% | ||
Nitin A Malani
(Chartered Accountant)
(87 Points)
Replied 25 July 2012
| Trdg A/c for 2009-10 | |||
| Opng Stk | 30 | Sales | 400 |
| Pur | 325 | ||
| GP | 80 | clsg stk | 35 |
| 435 | 435 | ||
| GP Margin | 20% | ||
| Trdg A/c for 2010-11 | |||
| Opng Stk | 35 | Sales | 500 |
| Pur | 420 | ||
| GP | 100 | clsg stk | 55 |
| 555 | 555 | ||
| GP Margin | 20% | ||
Harish Kumar
(IPCC)
(475 Points)
Replied 26 July 2012
thank you very much......to all
4 clear my doubts........!!
CA Vijay
(Manager Finance)
(110 Points)
Replied 26 July 2012
In simple words in 2010 balancing figure is profit that comes to 80K which is 20% of sales
In year 2011 since profit margin is same and you have sales figure you can find out profit for the year that will be 500K * 20% = 100K. Now balancing figure is clsoing stock which comes to 55K thats the answer.
CAclubindia
