Q1

Suppose a Chemist Shop purchases Medicines for 300000

It also pays 20000 freight to truck operator who brings the medicines

It sells the Same for 400000

Calculate Profit and Loss

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Q2

Suppose a Factory purchased Plastic for Rs 100000

It paid 30000 Salary to Labour who converted the same into Plastic Bottles
It also paid 10000 salary to accountant for making books of accounts
It sold Plastic Bottles for Rs 170000

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Q 3

Q3.jpg

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Make Trading and Profit and Loss Account

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Q - 4

Resolve Q3 assuming there is

Opening Stock  50000
Closing Stock 40000
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Q 5 -

Suppose a person has Purchase and Sales of 60000 and 70000

He took a loan from bank of 100000@8% per annum

He gave loan to his friend whole 100000@ 9% per annum

Calculate Profit and Loss

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  1. Accounts and Finance
  2. Step 1 Basic of Accounts -Debits and Credits
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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