Final Accounts ...

_________ is credited for goods lying with the customer as on the last day of the accounting year.

Purchases in trading A/c includes _______.

Another name given to trading and profit and loss a/c is _________.

Gross profit/loss is calculated by comparing net sales and_________.

Wages incurred for production of goods is shown in_______.

Which of these is part of opening stock in trading a/c?

From the following details calculate Direct expenses of Excel Ltd.
Opening stock = 30,000
Purchases = Rs. 90,000
Closing stock = Rs.25,000
Manufacturing expenses = Rs. 30,000
Selling and distribution expenses = Rs 20,000
Administrative expenses = Rs. 10,000
Financial expenses = Rs. 5,000
Sales  Rs. 240,000
Gross profit on sale 25%  

Purchase in trading account includes purchase of __________.

Sales in trading A/c includes _______.

Which of these is a part of Sale in trading a/c?