Question

12. From the following data of Avneet. Find out the cost of goods sold and sales for the year
2020-21.
₹
Stock of goods on 1-4-2020
Purchases during the year
Purchases Return
Carriage on purchases
Stock of goods on 31-3-2021
G.P. 20% on sales.
(Ans. COGS = 4,00,000 ; G.P. = 1,00,000 ; Sales = 5,00,000)
60,000
4,00,000
30,000
30,000
60,000​

Answer 1

Answer:

COGS = 4,00,000 ; G.P. = 1,00,000 ; Sales = 5,00,000)