Final Accounts ...

From the following information calculate net profit:

	Rs.
Opening stock	$$15,00,000$$
Direct expenses	$$3,00,000$$
Selling & distribution expenses	$$2,00,000$$
Administrative expenses	$$1,00,000$$
Financial expenses	$$50,000$$
Sales	$$24,00,000$$
Gross profit ratio on sales	$$25\%$$

From the following information calculate Gross profit, Sales & Purchases.

Particulars	Rs.
Opening stock	$$75,000$$
Closing stock	$$87,500$$
Cost of goods sold	$$1,50,000$$
Gross profit ratio on sales	$$25\%$$

Cost of goods sold	Rs. $$2,00,000$$
Gross profit on cost	$$25\%$$
Salary	Rs. $$15,000$$
Rent	Rs. $$7,000$$
Bad debts	Rs. $$1,500$$
Drawings	Rs. $$2,000$$
Creditors	Rs. $$2,500$$
Net profit	?

If sales are Rs. $$40,000$$; Cost of goods sold is Rs. $$31,000$$ and operating expenses are Rs. $$6,000$$, the gross profit is?

From the following details ascertain net profit for the period ending on $$31-3-2015$$ under accrual system of Trader.
Net profit before following is Rs. $$10,750$$.
Abstract of trail balance:

Items	Dr.	Cr.
Interest	-	$$2,000$$
Rent on let out property	-	$$4,500$$
Salary	$$3,750$$	-
Insurance	$$1,800$$	-

Additional information:

Items	$$31-3-2014$$	$$31-3-2015$$
Accrual interest	$$550$$	$$450$$
Rent received in advance	$$250$$	$$100$$
Salary outstanding	$$300$$	$$50$$
Prepaid insurance	$$600$$	$$150$$

Extract of trial balance of Mr.Z is as follows.

Particulars	Dr. Rs.	Cr. Rs.
Debtors	$$24,000$$	-
Provisions for bad debts	-	$$400$$

Included amongst the debtors is Rs. $$3,000$$ due to Ram and included among the creditors Rs. $$1,000$$ due to him.
Provision for bad debts to created at @ $$5\%$$ and for discount @ $$2\%$$. Debtors will be shown at balance at.

During the year $$2014-2015$$, the profit of a business before charging Sales Manager's commission was Rs. $$1,89,000$$. If the Sales Manager's commission is $$5\%$$ on profit after charging his commission, then the total amount of commission payable to manager is?

From the following abstract of trial balance, estimate the profit and loss for the year ended $$31-3-2015$$:

Debit balance	Rs.
Assets excluding closing stock	$$7,500$$
Expenses	$$6,500$$
Prepaid Expenses	$$2,000$$
Interest	$$500$$
	$$16,500$$
Credit balance	Rs.
Capital & Reserve	$$9,000$$
Liabilities	$$1,000$$
Revenue	$$6,500$$
	$$16,500$$

Closing stock was Rs. $$600$$.

Consider the following data pertaining to a company for the year $$2014-2015$$.

Particulars	Rs.
Opening balance of debtors	$$40,000$$
Credit sales	$$4,30,000$$
Cash sales	$$20,000$$
Cash collected from debtors	$$4,00,000$$
Closing balance of debtors	$$50,000$$

The bad debts of the company during the year are.

Debtors as per trial balance - Rs. $$40,600$$
Bad debt not yet provided - Rs. $$600$$
Provision for debt to be made at $$5\%$$ on sundry debtors.
Provision for discount on debtors to be created @ $$2\%$$.
Amount of provisions for discount on debtors.