final account

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Solution s Final Accounts

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understand final account

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SolutionsFinal Accounts

SolutionSOLUTION FOR M/s Gopal Traders as on 31st December 2012

Answers :Gross profit : 40,500 Total:212,000

Net profit: 15,150 Total :40,500

Balance sheet : 77,150

(2)

(3)Answers :

Gross profit : 93,000 Total:299,000

Net profit: 87,800 Total :94,000

Balance sheet : 1,39,000

(4)Answers :

Gross profit : 11,500 Total:41,000

Net profit: 6,045 Total :11,500

Balance sheet : 22,545