Final Accounts ...

Profit on sale of old furniture is shown_________.

While preparing trading and profit and loss a/c _________ is made.

Carriage on goods sold is shown in______________.

________is a part of administrative expense.

The respective normal balances of Purchases, Discount received, and Freight-in are_______.

Loss on sale of old furniture and fitting is debited to__________.

From the following details calculated Closing stock.
Opening stock = 15,000
Purchases = Rs. 1,80,000
Direct expenses = Rs. 35,000
Selling and distribution expenses = Rs. 20,000
Administrative expenses = Rs. 10,000
Financial expenses = Rs, 5,000
Sales  Rs. 2,40,000
Gross profit on sale 25%

Net purchases plus freight-in equals___________.

________is a part of selling and distribution expenses.

While calculating gross profit/loss, __________ is not considered.