Fundamental account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2014
1. Calculate the closing stock on 31.03.2011
Particulars 31.3.2010 31.3.2011
Opening stock `30,000 `35,000
Purchases `3,25,000 `4,20,000
Sales `4,00,000 `5,00,000
The Gross profit margin remains unchanged
plz exain it sir
Particulars 31.3.2010 31.3.2011
Opening stock `30,000 `35,000
Purchases `3,25,000 `4,20,000
Sales `4,00,000 `5,00,000
The Gross profit margin remains unchanged
plz exain it sir
07 April 2014
Clo. stock as on 31.03.2011 Rs.55000
The gross margin of 2009-10 comes 20%, apply the same in 2010-11 and find balancing figure (i.e. closing stock of 31.03.2011)
gross profit calculated as under,
Sales XXX
+ Clo. stock XXX
(-) Purcase XXX
(-) Ope. stock XXX
Gross margin = gross profit X 100 / sales
The gross margin of 2009-10 comes 20%, apply the same in 2010-11 and find balancing figure (i.e. closing stock of 31.03.2011)
gross profit calculated as under,
Sales XXX
+ Clo. stock XXX
(-) Purcase XXX
(-) Ope. stock XXX
Gross margin = gross profit X 100 / sales
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