Question
Ascertain Gross Profit from the following:



Note: Carriage on Sales and Office Rent are the Indirect Expenses, therefore, these are not considered to compute the amount of Gross Profit.Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.


| April 01, 2016 | March 31, 2017 | |
| ₹ | ₹ | |
| Creditors | 5,000 | 30,000 |
| Bills payable | 10,000 | — |
| Loan | — | 50,000 |
| Bills receivable | 30,000 | 50,000 |
| Stock | 5,000 | 30,000 |
| Cash | 2,000 | 20,000 |

