Question

20. Calculate the cost of goods sold from the given information. ₹ 50,000 Opening Stock Closing Stock 70,000 Purchases 1,30,000 Direct expenses 20,000​

Answer 1

Answer:

Cost of goods sold of the above questions is 1,30,000/-

Explanation:

cost of goods sold = Opening stock + purchase during the period + Direct expenses - closing stock

50,000+1,30,000+20,000 - 70,000

= 1,30,000/-