Question

calculate profit if:- cash sales= ₹40, 000, credit sales= ₹30, 000 , sales returns= ₹3, 000, cost of goods sold= ₹50, 000​

Answer 1

Answer:

Cost of Goods Sold = Opening Stock + Purchases + Closing Stock

= 40,000 + 3,20,000 − 1,20,000 = 2,40,000

Answer 2

Answer:

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