Question

26. Which equation is not correct from the following equation
(a) COGS=Opening Stock+Purchase-Closing Stock
(b) Closing stock=Opening Stock+Purchase-Cost of goods sold
(c) Opening Stock= Closing stock+Purchase- Cost of goods sold
(d) Purchases= Closing stock + Cost of Goods sold Opening stock​

Answer 1

Answer:

option b. closing stock=opening stock +purchase- cost of goods sold