Home » mcq » accounting » Net purchases Rs. 72,000, Sales Rs. 76,000, Sales returns Rs. 6,000 Cost of goods sold Rs. 60,000, the amount of gross profit will be

Net purchases Rs. 72,000, Sales Rs. 76,000, Sales returns Rs. 6,000 Cost of goods sold Rs. 60,000, the amount of gross profit will be

April 15, 2024 by rawan239

Rs. 10,000

Rs. 12,000

Rs. 16,000

Rs. 40,000

The correct answer is A. Rs. 10,000.

Gross profit is calculated by subtracting the cost of goods sold from net sales. Net sales are calculated by subtracting sales returns from sales. In this

512"> Subscribe on YouTube

case, net sales are $76,000 – $6,000 = $70,000. The cost of goods sold is $60,000. Therefore, the gross profit is $70,000 – $60,000 = $10,000.

Option B is incorrect because it is the amount of sales returns. Option C is incorrect because it is the amount of net purchases. Option D is incorrect because it is the amount of sales.

Telangana and Karnataka GK MCQ (2575)

accounting (2134)

Bihar state GK MCQ (1950)

Haryana GK MCQ (1945)

Economics (1622)

Sentence improvement (1484)

Assam state GK MCQ (1479)

Synonyms (1421)

Jammu and kashmir GK MCQ (1388)

Himachal pradesh GK MCQ (1272)

Kerala state GK MCQ (1225)

Tamilnadu state GK MCQ (1193)

Preposition (1150)

Financial management (1120)

Gujarat state GK MCQ (1079)

Articles (1043)

Andhra Pradesh GK MCQ (1043)

Arunachal pradesh state GK MCQ (1026)

Manipur GK MCQ (1022)

chemistry (1020)

Indian politics (981)

Legal aspects of business (930)

Computer fundamental miscellaneous (918)

Banking and financial institutions (897)

sikkim GK MCQ (853)

Environmental Science (811)

Geography (757)

Artificial intelligence (756)

Insurance (752)

Indian railway (726)

Jharkhand GK MCQ (717)

punjab GK MCQ (697)

Building materials (686)

Basic general knowledge (682)

Mizoram GK MCQ (668)

Sentence completion (663)

Meghalaya GK MCQ (618)

Business management (603)

Visual basic (596)

Idioms and phrases (589)

Chhattisgarh GK MCQ (565)

Business and commerce (563)

Maharashtra GK MCQ (538)

Spelling check (537)

One word substitution (525)

Waste water engineering (522)

Building construction (508)

Cloud computing (507)

Classification (505)

Surveying (490)

Operating system (476)

Goa GK MCQ (473)

Applied mechanics and graphic statics (468)

Common error detection (457)

Object oriented programming using c plus plus (455)

Ms access (452)

Irrigation engineering (448)

Organic chemistry (432)

Engineering economics (426)

Hydraulics and fluid mechanics (422)

Ordering of sentences (422)

Internet and web technology (377)

Machine learning (371)

Rcc structures design (364)

Madhya Pradesh state GK MCQ (356)

Non metal and its compounds (352)

Odisha GK MCQ (349)

Selecting words (342)

Teaching and research (322)

Management information systems (321)

Chemistry in everyday life (296)

Days and years (293)

World geography (290)

Nagaland GK MCQ (289)

Sentence formation (278)

Construction planning and management (276)

Computer Hardware (270)

Power point (262)

Data science miscellaneous (260)

Direct and indirect speech (255)

Odd man out (254)

Environmental engineering (252)

Books and authors (252)

System analysis and design (234)

Famous personalities (230)

Statement and assumption (230)

Ecommerce (226)

Highway engineering (218)

Ordering of words (217)

World organisations (214)

Automation system (204)

Concrete technology and design of concrete structures (200)

Electronic principles (195)

Soil mechanics and foundation (194)

Jainism and buddhism (191)

Airport engineering (184)

Embedded systems (183)

Design of steel structures (182)

Railway engineering (182)

Hrm in commerce (181)

Internet of things (iot) (181)

Indian culture (176)

Electrical machine design (175)

technology (172)

Indian Polity (172)

Disk operating system (dos) (169)

Digital computer electronics (168)

Medieval history art and culture (166)

Theory of structures (162)

Vlsi design and testing (161)

agriculture (161)

Awards and honours (146)

Wireless Communication (143)

Linear Algebra (137)

Statement and arguments (132)

Data analysis with python (130)

Css properties, css elements, css functions and tables (129)

Indian Economy (124)

Transformers (123)

General science (116)

Css text, borders and images (115)

Signal processing (114)

Database systems (112)

Blood relation (111)

Electrostatics (106)

Bhakti movement (105)

D.c. Generators (105)

Indian history (103)

Introduction to data science (102)

D.c. Motors (101)

Missing character finding (100)

Synchronous motors (99)

Current Affairs (99)

Economics of power generation (99)

Single phase induction motors (99)

Series completion (99)

General Knowledge (98)

Electrolysis and storage of batteries (98)

Business finance (97)

Electronics and instrumentation (97)

Transistors (96)

Transmission and distribution (95)

A.c fundamentals, circuits and circuit theory (95)

Missing number finding (95)

Statement and conclusion (94)

Switchgear protections (94)

Electrical control systems (93)

Machine learning algorithms (92)

Course of action (91)

Information theory and coding (90)

Business statistics and research methods (89)

Basics of organic reaction mechanism (89)

Current electricity (89)

Logical deduction (87)

Business environment and international business (87)

Data collection and preprocessing (87)

Optical communication (81)

Number series completion (80)

Probability and statistics (72)

Literature (68)

government (68)

Indian Constitution (61)

environment (53)

statistics (49)

population (41)

mathematics (40)

Computer Science (40)

Ancient history art and culture (32)

Constitutional Law (31)

arithmetic (28)

Demography (28)

Science and Technology (21)

international relations (17)

International Law (17)

Earth Science (13)

Archaeology (13)

Islamic Law (12)

electricity (11)

Exit mobile version