KENDRIYA VDYALAYA SANGATHAN, SILCHAR REGION

SESSION ENDING EXAMINATION 2023-24

SUBJECT: ACCOUNTANCY (055)
Class XI
Duration: 3 Hours Maximum Marks: 80
General Instructions:
1. This question paper contains 34 questions. All questions are compulsory
2. Marks are indicated against each question.
3. Questions from 1 to 20 carry 1 mark.
4. Questions from 21 to 26 carry 3 marks.
5. Questions from 27 to 29 carry 4 marks.
6. Questions from 30 to 34 carry 6 marks.
7. There is no overall choice. However internal choice has been provided for one mark,Three
marks,Four marks and Six marks questions.
Q MARKS
QUESTION
NO.
1 Which of the following is not recorded in the books of account: 1
(a) Purchase of goods for resale amounted to ₹ 15,000
(b) Paid Salary and Wages amounted to ₹ 20,000
(c) Paid Rent for office premises ₹ 5,000
(d) Sale of household furniture for ₹ 7,000
2 Which principle highlights that provide for anticipated expenses and losses but do not record 1
anticipated incomes and profits?
(a) Materiality Principle (b) Matching Principle
(c) Money Measurement Principle (d) Prudence Principle
OR
According to which concept the same accounting method should be used each year.
(A) Prudence (B) Materiality (C) Consistency (D) Historical cost concept
3 Which of the following is not a Current Liability: 1
(a) Creditors (b) Bank Overdraft (c) Outstanding Expenses (d) Prepaid Expenses
OR
Consider the following items:
1. Prepaid Salary 2. Accrued Interest (Receivable)
3. Loan (Short Term) 4. Bank Overdraft
Current Liability would include
(a) 1, 2, 3, 4 (b) 2, 3, 4 (c) 4, 3, 1 (d) 3, 4
4 Which of the following is known as Position Statement? 1
(a) Trial Balance (b) Balance Sheet (c) Profit and Loss Account (d) Ledger
OR
Outstanding Rent is :
(a) Expenses (b) Income (c) Asset (d)
Liability
5 Give one example of Capital Receipts. 1
6 There are two statements marked as Assertion (A) and Reason (R). 1
Assertion: Charging depreciation is important to represent true and fair financial position.
Reason (R) If depreciation on assets is not provided for, then the assets will be overvalued.
Read the statements and choose the appropriate option from the options given below
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A)
(b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
 Assertion (A)
(c) Assertion (A) is false, but Reason (R) is true
(d) Assertion (A) is true, but Reason (R) is false
7 After closing of the accounts, one sided error is rectified through: 1
(a) Drawings A/c (b) Capital A/c
(c) Suspense A/c (d) Profit & Loss A/c
8 In Single entry system Opening capital is ascertained by preparing ________ 1
a) Closing Statement of affairs b) Profit & Loss account
c) Cash account d) Opening statement of affairs
9 If ‘Prepaid wages’ given in Trial Balance, it is shown in: 1
a) Debit of Trading Account b) Debit of Trading Account & as Assets
c) Debit of P&L Account d) Assets
10 A company purchased a plant for ₹ 50,000. The useful life of the plant is 10 years and the 1
residual value is ₹ 10,000. Find out the rate of depreciation under straight line method.
(a) 8% (b) 7% (c) 6% (d) 5%
OR
Which of the following statements is not appropriate in related to ‘Provision?
(a) Provision is a charge against profit
(b) Provision is created for known Liability
(c) Provision is created to strengthen the financial position of the business
(d) Creation of Provision satisfies the principle of conservatism
11 If the accounting information is based on facts and it is verifiable by documents, it has the quality 1
of _______________.
(a) Relevance (b) Reliability (c) Understandability (d) Comparability
OR
Which of the following is not a limitations of Accounting:
(a) Influenced by Personal Judgments (b) Based on Historical Costs
(c) Affected by Window Dressing (d) Enables Comparative Study
12 Match the following: - 1
(a) Purchased goods from X on credit (i) Return Outwards Book
(b) Purchased goods from Y for cash (ii) Return Inwards Book
(c) Returned goods to Y (iii) Purchase Book
(d) Goods returned by Z (iv) Cash Book
A. a-(i), b-(iii), c-(ii), d (iv.) B. a-(iii), b-(i), c-(iv), d (ii.)
C. a-(iv), b-(iii), c-(i),d (ii.) D. a-(iii), b-(iv), c-(ii), d (i.)
OR
Match the columns.
Column I Column II
A. Capital expenditure (i) Large amount spent on Advertising
B. Revenue Expenditure (ii) Cost of goods sold
C. Deferred Revenue Expenditure (iii) Building
D. Expenses (iv) Benefit received in one year
(a) A-(i) B-(ii) C-(iii) D-(iv) (b) A-(ii) B-(iii) C-(iv) D-(i)
(c)A- (iii)B- (iv) C-(i) D-(ii) (d) A-(iv) B-(i) C-(ii) D-(iii)
13 When goods distributed as free samples -------------- account is credited. 1
(a) Sales account (b) Purchases account (c) Advertisement account (d) Drawings account.
OR
Depreciation on Machinery should be:
(a) Debited to Trading a/c (b) Credited to Trading a/c
(c) Debited to Profit & Loss a/c (d) Credited to Profit and Loss a/c
14 Bank Reconciliation Statement is prepared: 1
(a) At the end of each month (b) At the end of an accounting period
(c) On a certain date (d) Before the preparation of final accounts
15 The following expenses were incurred by Petty Cashier during the month of November 2023, 1
Postage ₹1,200; Conveyance ₹500; Sundries ₹300.
If Imprest Amount is ₹8,000, then what will be the amount of reimbursement to him?
(a) ₹2,000 (b) ₹6,000 (c) ₹8,000 (d) ₹10,000
16 Rearrange the following assets in order of Liquidity 1
i) Bills Receivable ii) Debtor iii) Stock iv) Prepaid Expenses
a) i, ii, iii, iv b) iii, iv, i, ii c) ii, iii, iv, i d) iv, i, iii, ii
17 Which of the following is not correct for Depreciation? 1
(a) It is a decline in the value of a fixed asset (b) It is a non-cash expense
(c) It decreases only the book value of the asset, not the market value (d) It is also known as
Depletion
18 Incomplete record mechanism of book keeping is : 1
(a) Scientific (b) Unscientific (c) Unsystematic (d) both (b) and (c)
19 Which of the following is correct: 1
(a) Adjusted Purchase = Opening Stock + Net Purchases – Closing Stock
(b) Adjusted Purchase = Opening Stock + Net Purchases + Direct Expenses – Closing Stock
(c) Both (a) and (b).
(d) None of these.
20 Which of the following is not a Capital Expenditure? 1
(a) Spent ₹ 2,500 on over-hauling of second-hand machinery.
(b) Paid Brokerage of ₹ 5,000 paid for purchase of a Land.
(c) Spent ₹.15, 000 for white-washing a new building.
(d) Spent ₹ 12,000 for annual white-washing of the building.
21 Pass journal Entries in following transactions: 3
(a) An old machinery of rs. 20,000 exchanged with New Machinery of worth rs. 45,000,
balance amount paid through cheque.
(b) Goods of worth rs. 6,000 given as free samples.
(c) Goods of costing Rs. 10,000 sold at 20% profit to Vijaya Ltd.
22 Explain any three objectives of Accounting. 3
OR
Distinguish between ‘Trade Discount’ and ‘Cash Discount’.
23 Differentiate between Reserves and Provision on the basis of: 3
1. Basic nature 2. Necessity 3. Effect on taxable profits
24 Show the effect for given adjustment on Profit and Loss Account and Balance Sheet. 3
The following balances appear in the Trial Balance:
Sundry Debtors ₹ 32,000
Bad Debts ₹ 2,000
Provision for Doubtful Debt ₹ 3,500
Additional Information:
1. Write off further bad debts ₹.1,000
2. Create a provision for doubtful debts @ 5% on debtors.
OR
What will be the adjusting entries for the following items?
(a) Salaries outstanding (b) Depreciation on Furniture (c) Accrued Interest
25 Prepare a Trial Balance from the following information: 3
Prepaid expenses ₹ 5,000 ,Outstanding rent ₹ 2,000 , Bad debts recovered ₹ 4,000
Interest on Investment ₹ 1,000,Creditor ₹ 5,000, Bank overdraft ₹ 2,000 ,
Discount allowed ₹ 800 , Due from Debtor ₹ 1,200 , Investment ₹ 15,000 , Patents ₹ 4,000,
Machinery ₹ 6,000 , Capital ₹ 18,000
26 Calculate the cost of goods sold from the following particulars pertaining to the year 2022-2023: 3
Opening stock ₹ 50,000 , Purchases ₹ 1,10,000 , Return outwards ₹ 7,000,
Factory rent ₹ 30,000 , Wages ₹ 40,000 and Closing Stock ₹ 43,000.

27 Prepare an Accounting Equation from the following transactions: - 4

(a) Started business with Cash ₹ 2, 50,000, Goods ₹ 40,000 and Furniture ₹ 10,000.
(b) Purchased Goods from Mohan for ₹ 24,000, 1/3rd payment made in cash.
(c) Commission Received in Advance, ₹ 2,000.
(d) Paid ₹ 15,000 to Mohan in full settlement of his claim.
OR
Verma Bros. Kolkata carries on business as wholesale cloth dealer. From the following write up
their Purchases Book for January, 2024:

28 Deepak started business on 1st April 2022 with a Capital of ₹ 12, 50,000. On 31st March 2023, 4
his Assets were ₹ 17, 00,000 and Liabilities were ₹ 1, 80,000. He withdrew during the year for
personal use ₹ 4,500 per month up to 31st March 2023. During the year he sold his personal
investments of ₹ 80,000 at a profit of 20% and invested this amount in the business.
You are required to prepare a Statement of Profit or Loss for the year ending 31st March 2023.

29 Rectify the following errors:- 4

(a) Credit Purchase from Arun ₹ 7,000 was recorded as ₹ 7,700.
(b) Credit Sale to Charu ₹1,250 was recorded in Purchase Book.
(c) ₹ 3,000 spent on annual white-washing was debited to Building Account.
(d) Total of Sales Return Book was overcast by ₹ 800.
30 Prepare a Two Column Cash Book having Cash and Bank columns from the following: - 6

2023
Jan 1 Cash In hand ₹ 16,000
Bank Overdraft ₹ 4,000
Jan 5 Goods costing ₹ 20,000 sold to Mahesh at a trade discount of 25%.
Jan 9 Cash deposited into bank ₹ 10,000.
Jan 10 Rent paid ₹ 2,000.
Jan 15 Received a cheque of ₹ 15,000 from Mahesh.
Jan 17 Deposited the above cheque into bank
Jan 19 Mahesh’s Cheque returned dishonored
Jan 30 Withdrew ₹ 1,000 from bank for personal use.
Jan 31 Deposited into bank, cash retaining ₹ 2,500
31 On 31st December 2022, the pass book of Naresh showed an overdraft of ₹ 19,300. From the 6
following particulars, prepare a bank reconciliation statement.
(a) Out of total cheques issued, cheques for ₹ 9,200 have not presented for payment so far.
(b) Cheques paid into bank for collection amounted to ₹7,500, but cheques of ₹ 5,300 were
credited on 3rd January 2022.
(c) A cheque of ₹ 1,200 was banked and credited, not recorded in cash book.
(d) Interest on overdraft charged by bank Rs.100.
(e) A customer deposited ₹ 3,400 direct in the bank was recorded in Pass Book only.
(f) Amount wrongly credited by bank, ₹ 400.

32 (i) Rahul, the proprietor of M/S. R.K. & CO. purchased an air conditioner and installed it in his 6
residence. The payment was made by issuing a cheque from the account of M/S. R.K. & CO. The
accountant debited the Drawings Account with the amount whereas Rahul is of the view that it
should be debited to the Fixed assets account. In your view, who is correct and why?(2M)

(ii) On 25th March, 2022, a fire broke out in the premises of Kamal Ltd. And destroyed a part of
its plant and machinery. On account of this, a sharp decline in production for next two months is
expected unless the new plant and machinery is being to be purchased. The company did not
disclose this fact in its annual report for the year ended 31st March, 2022. What is your opinion
about this?(2M)

(iii) A customer has filed a suit against a trader who has supplied poor quality goods to him. It is
known that the court judgment will be in favor of the customer and the trader will be required to
pay the damages. However, the amount of legal damages is not known with certainty. The
accounting year has already been ended and the books are now finalized to ascertain true profit or
loss. The accountant of the trader has advised him not to consider the expected loss on account of
payment of legal damages because the amount is not certain and the final judgment of the court is
not yet out. Do you think the accountant is right in his approach?(2M)
33 On 1st April 2017, Chandani Ltd. purchased a machine for ₹ 2, 40,000 and spent ₹ 10,000 on its 6
erection. On 1st October, 2017, an additional machinery costing ₹.1, 00,000 was purchased. On
1st October, 2019, the machine purchased on 1st April, 2017 was sold for ₹ 1, 43,000 and on the
same date, a new machine was purchased at a cost of ₹ 2, 00,000. Show the machinery account
for the first three financial years after charging depreciation at 5% p.a.by straight line method.
OR
A firm purchased on 1st April 2015 certain machinery for ₹ 58,200 and spent ₹ 1,800 on its
erection. On 1st October 2015 additional machine costing ₹.20, 000 was purchased. On 1st
October 2017, the machinery purchased on 1st April 2015 having become obsolete was sold for
₹.28, 600 and on the same date new machinery was purchased for ₹ 40,000. Prepare Machinery
account for three years by providing depreciation @ 10% p.a. on written down value method on
31st March every year.
34 Following balances were extracted from the books of Vijay on 31st March, 2021 6
Particulars Amount ₹ Particulars Amount ₹
Capital 2,45,000 Loan 78,800
Drawings 20,000 Sales 6,53,600
General Expense 47,400 Purchases 4,70,000
Building 1,10,000 Motor Car 20,000
Machinery 93,400 Provision of Doubtful Debts 9,000
Stock on 1st April, 2020 1,62,000 Commission (Cr) 13,200
Insurance 13,150 Car expenses 18,000
Wages 72,000 Bills payable 38,500
Debtors 62,800 Cash 800
Creditors 25,000 Bank overdraft 33,000
Bad Debts 5,500 Charity 1,050
Prepare Trading and Profit and Loss Account for the year ended 31st March,2021, after giving
effect to the following adjustments:
(i) Stock as on 31st March, 2021 was valued at ₹ 2,30,000
(ii) Write off further ₹ 1,800 as bad debts and maintain the provision for Doubtful Debts at 5%.
(iii) Depreciate Machinery at 10%.
(iv) Provide ₹.7, 000 as outstanding interest on loan.

OR
Prepare Trading and Profit & Loss Account for the year ending 31st March 2023 after making all
adjustments:
Name of Account L. Dr. Amount (₹) Cr. Amount (₹)
F.
Capital ---- 1,50,000
Drawings 4,000 ----
Plant and Machinery 70,000 ----
Vehicle 16,000 ----
Sundry Debtors 30,000 ----
Sundry Creditors ---- 17,000
Purchases 25,000 ----
Sales ---- 50,000
Wages 5000 ----
Cash at Bank 10,000 ----
Salaries 17,000 ----
Repairs 2,000 ----
Stock on 01-04-2022 9,000 ----
Rent 5,000 ----
Carriage Inwards 1,000 ----
Carriage Outwards 2,000 ----
Bad debts 4,000 ----
Commission ---- 3,000
Freehold premises 20,000 -----
Total 2,20,000 2,20,000
Adjustments: -
1. Closing Stock was valued at ₹10,000(Market Price ₹. 12,000)
2. Outstanding Salaries ₹3,000.
3. Prepaid Rent ₹. 1,000.
4. Depreciate Plant and Machinery by 10%
 KENDRIYA VDYALAYA SANGATHAN, SILCHAR REGION
SESSION ENDING EXAMINATION 2023-24
SUBJECT: ACCOUNTANCY (055)
Class XI
MARKING SCHEME
GENERAL INSTRUCTIONS:

1. The theoretical answers are indicative, full marks may be awarded for other alternative correct answers.
2. Step wise marks are to be awarded for numerical answers
1. (d)Sale of household furniture for ₹ 7,000 1
2. (d) Prudence Principle OR (C) Consistency 1
3. (d.) Prepaid Expenses or (b) 2, 3, 4 1
4. (b) Balance Sheet OR (d) Liability 1
5. CAPITAL, LOAN FROM BANKS. 1
6. (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of 1
Assertion (A)
7. (c)Suspense Account 1
8. d) Opening statement of affairs 1
9. d) Assets 1
10. a) 8% Or (c) Provision is created to strengthen the financial position of the 1
business
11. (b.) Reliability OR (d.) Enables Comparative Study 1
12. D. a-(iii), b-(iv), c-(ii), d (i) or (c)A- (iii)B- (iv) C-(i) D-(ii) 1
13. (b) Purchases account OR (c) Debited to Profit & Loss a/c 1
14. c.) On a Certain Date 1
15. (a.) ₹ 2,000 1
16. a) i, ii, iii, iv 1
17. d.) It is also known as Depletion 1
18. (b) Unscientific 1
19. a.) Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock 1
20. (d) Spent ₹ 12,000 for annual white-washing of the building. 1
21. Give one mark for each correct entry. 3(1+1+1)
22. Objectives of Accounting: - 3X1=3
1. To keep the systematic record of financial transactions.
2. To ascertain the profit and loss of business transactions during a particular period and to
know the exact reasons leading to net profit or net loss.
3. To ascertain the financial position of the business to know the value of assets, liabilities
and capital of the business at a particular date. (or any other objective)
OR 1 mark
Basis of difference Trade Discount Cash Discount for any
1.Meaning Allowed by manufacturer or Allowed to customers for three
wholesaler to retailer at a making prompt payment. correct
fixed percentage on the list points
price of goods
2. Recorded in accounting No Yes
books
3. Deduction from Invoice Yes No
23. Basis of difference Reserves Provision
1. Basic nature A provision is a charge Reserve is an appropriation
against profit of profit.
2. Necessity Creation of provision is Generally, creation of a
necessary to ascertain true Reserve is at the discretion
 and fair profit or loss in of the management.
compliance ‘Prudence’ or Reserve cannot be created
‘Conservatism’ concept. unless there are profits
3. Effect on taxable profits. It reduces taxable profits. It has no effect on taxable
profit.
24. Profit and Loss A/c For the year ending ……..
Particulars Amount ₹ Particulars Amount ₹
Bad Debts
2,000
Add: further bad debts
1000 1,100
Add: New Provision
1600
Less: old Provision
(3500)
Balance Sheet As at ……….
Liabilities Amount ₹ Assets Amount ₹
Sundry Debtors
32,000
Less:- Further Bad Debts 29,400
(1000)
Less: New Provision
(1600)
OR
Adjustment Entry
(a) Salaries outstanding Salary A/c Dr.
To Outstanding Salary
(b) Depreciation on Furniture Depreciation A/c Dr.
To Furniture A/c
(c) Accrued Interest Accrued Interest A/c Dr.
Interest A/c
25. Trial Balance
Particulars Debit (₹) Credit (₹)
Prepaid expenses 5,000 ---
Outstanding rent ----- 2,000
Bad debts recovered ----- 4,000
Interest on Investment ---- 1,000
Creditor ---- 5,000
Bank overdraft ---- 2,000
Discount allowed 800 ----
Debtor 1200 ----
Investment 15,000 ----
Patents 4,000 ----
Machinery 6,000 -----
Capital ------ 18,000
Total 32,000 32,000
26. Cost of goods sold= Opening Stock +Net Purchases+ Factory rent+ Wages- Closing Stock
= 50,000+(1,10,000 - 7,000) +30,000+40,000 - 43,000
= ₹ 1,80,000
27. Transaction Asset = Liabilities + Capital
Cash + Stock + Creditors + Unearned
Furniture = Income + Capital
1.Started business with Cash 2,50,000 + 0 + 3,00,000 0 +
 ₹2,50,000, Goods ₹40,000 and 40,000 + 10,000
Furniture ₹10,000 =
Equation 2,50,000 + 0 + 3,00,000 0 +
40,000 + 10,000
=
2. Purchased goods From Mohan for (8,000) + 24,000 16,000 + 0+ 0
₹24,000, 1/3rd payment made in Cash. +0=
New Equation 2,42,000 + 16,000 + 0 + 3,00,000
,64,000 + 10,000
=
3. Commission received in advance 2,000 + = 0 + 0 0 + 2,000 + 0
₹2,000.
New Equation 2,44,000 + 16,000+2,000+ 3,00,000
64,000 + 10,000
=
4. Paid ₹15,000 to Mohan in full (15,000) + 0 + 0 (16,000) + 0 + 1,000
settlement of his claim. =
Final Equation 2,29,000 + NIL + 2,000 + 3,01,000
64,000 + 10,000
=

OR
Total of Purchases book = Rs 1,68,000 (CGST = Rs 6300, SGST = 6300, IGST= Rs 5400)
28. 4X1=4

29. Date LF Particulars Debit ₹ Credit ₹ 4X1=4

(i) Arun Dr. 700
To Purchase A/c 700
(ii) Charu 2,500 Dr.
To Purchase A/c 1250
To Sales A/c 1250
(iii) Repairs A/c Dr. 3,000
To Building A/c 3,000
(iv) Suspense A/c Dr. 800
To Sales Returns A/c 800
30. Cash Book (Cash and Bank Columns) 1 mark
Date Particulars L Cash₹ Bank₹ Date Particulars L Cash₹ Bank₹ for Each
F Correct
F Opening
Entry and
2023 To balance 16,000 --- 2023 By balance --- 4,000
Closing
Jan b/d Jan 01 b/d Entry and
01 ½ marks
for each
 Jan To Cash c --- 10,000 Jan 09 By Bank c 10,000 --- correct
09 entry in
between
Jan 10 By Rent 2,000 ---
1+ 4 +1 =
Jan To Cheque 15,000 Jan 19 By --- 15,000 6
17 in hand Mahesh
Jan To Cash c --- 1,500 Jan 30 By --- 1,000
31 Drawings
Jan 31 By Bank c 1,500 ---
Jan 31 By balance 2,500 6,500
c/d
16,000 26,500 16,000 26,500

31. ½ Mark
for openin
g and
closin g
entry and
1 mark
for Each
Correc t
Recodi ng
½+5+½
=6

32. (i) The accountant is correct because according to the Business Entity Concept business is 6(2+2+2)
separate and distinct from the owners. Since, the air-conditioner has been installed at the
residence of the proprietor for his personal use, it is drawing by the owner.

(ii) The company has violated the convention of full disclosure. Loss of plant and
machinery is material information and should have been disclosed in the books of accounts.

(iii) No, accountant’s approach is not right. He is violating two conventions 1. Convention
of full Disclosure 2. Convention of Conservatism or Prudence. According to Convention of
Full Disclosure all contingent liabilities should be shown as a note under balance sheet.
Contingent liabilities are those liabilities which may arise in future. And according to
Convention of Prudence/Conservatism provision should be made out of profits against
pending law suit against the firm.
33. Ist Year 1.5 for
Machine1- Dep- ₹12,500; Balance- ₹2,37,500 dep ex bal
Machine 2- Dep- ₹2,500; Balance- ₹97,500 (Ist year)
1.5 for
IInd Year dep ex cl
bal
Machine 1- Dep- ₹12,500; Balance- ₹2,25,000 (2nd year
Machine 2- Dep- ₹5,000; Balance- ₹92,500 )
3(1.5 loss
IIIrd Year 1.5 for
Machine 1- Dep- ₹6,250; Loss-₹ 75,750 oth ex
Machine 2- Dep- ₹5,000; Balance- ₹87,500 bal)
Machine 3- Dep- ₹5,000; Balance-₹1,95,000 3rdyear
OR
1.5 M (Ist
Year Ex
Bal )
OR
1 M (for
Ist Year 2nd Year
 Machine 1- Dep- ₹6,000; Balance- ₹54,000 Ex Bal )
Machine 2- Dep- ₹1,000; Balance- ₹19,000 3.5 (for
3rd year-
IInd Year 1.5 for
Machine 1- Dep- ₹5,400; Balance-₹48,600 loss & 2
for others
Machine 2- Dep- ₹1,900; Balance- ₹17,100 ex op bal)
IIIrd Year
Machine 1- Dep- ₹2,430; Loss- ₹17,570; Bank- ₹28,600
Machine 2- Dep- ₹1,710; Balance- ₹15,390 Machine 3- Dep- ₹2,000; Balance-₹38,000
Total Balance of Machinery at Last- ₹53,390
34. Gross Profit-₹1,79,600; Net Profit- ₹ 95,510 6(1.5+2.5
OR +2)
Gross Profit ₹ 20,000, Net Loss -₹ 10,000,