Question
A firm produced goods of Rs. 80,000 and spent Rs. 6,000 on carriage outward. At the end of the year, cost of goods still unsold was Rs. 2,000. Sales during the year were Rs. 1,00,000. What is the gross profit earned by the firm?
More Accounts Questions
- Which of the following is not considered a general consideration before sourcing accounting software?
- Which of the following is NOT typically included in an audit strategy?
- A claims processing unit uses a mix of clerks and analysts. Budget: 60% clerks (₹200/hr), 40% analysts (₹500/hr) for 10,000 hours. Actual: 55% clerks, 45% ...
- What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
- Which of the following is considered as ‘fraud’ under the Indian Contract Act, 1872?
- The Companies Act 2013, contains ________.
- According to RBI guidelines, what is the maximum loan limit per individual against shares, debentures, and bonds?
- Transactions are posted into Ledger Account from
- If a company uses derivatives to protect itself from price fluctuations, the strategy is known as:
- Which among the following deals with Accounting for Inventories?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)