Mr. X submits you the accompanying data for the year finished March 31, 2009:
Rs.
Stock as on April 1, 2008
1,50,000
Purchases
4,37,000
Manufacturing expenses
85,000
Expenses on sale
33,000
Expenses on administration
18,000
Financial charges
6,000
Sales
6,25,000
Gross benefit is 20% of offers.
Register the net benefit of Mr. X for the year finished March 31, 2009. Additionally plan Trading & Profit & Loss A/c.