If Cost of goods sold is Rs.80,700, Opening stock Rs.5,800
and Closing stock
Rs.6,000. Then the amount of purchase will be
(a) Rs.80,500
(b) Rs.74,900
(c) Rs.74,700
(d) Rs.80,900.
Answer Posted / shreyash
COGS = Purchase + Opening Inventory - Closing Inventory
So, 80,700 = Purchase + 5800 - 6000
Purchase = 80,700 - (-200)
Purchase = 80,700 + 200
Purchase = 80,900
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
how to caluclate tds from emloyees and others
How is scrap value calculated?
What is a cpa?
Why is it necessary to prepare Asset Disposal Account?
1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,
What is the basic accounting equation?
What GP resew of balance sheet taking.
What is the entry for provision?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
What is the use of accounting?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
In accounting, how do you define the premises?
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
What is vat adjustment?
What is the entry for closing stock value reduction?