Question

Calculation of opening stock/closing stock
13. Calculate stock in the biginning:
Purchases during the year. ₹40,000
Sales during the year. ₹60,000
Closing stock.₹4,000
Wages.₹1,000
Indirect expenses.₹3,000
Rate of gross profit on cost 50%

Answer 1

Answer:

Calculation of Opening Stock/Closing Stock)

Calculate opening stock in the beginning :

(Purchase during the year)

(Sale during the year)

(Closing Stock)

(Wages)

Indirect Expenses)

(Rate of Gross Profit on cost)

40,000

60,000

4,000

1,000

3,000

50%

Ans. ₹ 3,000]