Financial Statements (Without Adjustments)
NIOS · Class 10 · Accountancy
All formulas from Financial Statements (Without Adjustments) in NIOS Class 10 Accountancy. Key equations, constants, and identities for board exam preparation.
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Formulas
Trading Account
Gross Profit = Net Sales + Closing Stock − Opening Stock − Net Purchases − Direct Expenses
Profit and Loss Account
Net Profit = Gross Profit + Indirect Income − Indirect Expenses
Balance Sheet
Closing Capital = Capital (Opening) + Net Profit − Net Loss − Drawings
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