calculate the value of opening stock and closing stock if cost of goods sold Rs 270000;Net purchase Rs 200000;Direct expanses Rs 40000 and opening stock is two time of the closing stock.
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Answer:
cogs= opening stock +purchases +direct expenses - closing stock
270000=2x + 200000 +40000- x
x = 270000-240000
x = 30000
opening stock =30000×2 =60000
closing stock =30000
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