Financial Statements - Overview(11th Grade > Accountancy ) Questions and Answers
Explanation:-
Answer: Option B. -> Profit of Rs. 30,000:
B
Gross Profit
=Sales + Closing stock - Opening stock - Purchases - Wages
= Rs. 90,000 + Rs. 40,000 - Rs. 40,000 - Rs. 40,000 - Rs. 20,000
= Rs. 30,000