+2 votes
in Class 11 by kratos

From the following balances taken from the books of Simmi and Vimmi Ltd. For the year ending March 31,2003, calculate the ***** profit.

| Closing Stock | Rs.2,50,000 |
| Net sales during the year | Rs.40,00,000 |
| Net purchases during the year | Rs.15,00,000 |
| Opening expenses | 15,00,000 |
| Direct expenses | 80,000 |

1 Answer

+3 votes
by kratos
 
Best answer

Financial statement-I

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