Question

Cost of goods sold Rs.10,000, Opening stock
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Rs.2,000 and Closing stock Rs. 3,000. Find
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the amount of purchases _____
A.Rs.10,000
B.Rs.11,000
C.Rs.15,000
D.Rs.9,000

Answer 1

Cost of goods sold Rs.10,000, Opening stock
\n\n
Rs.2,000 and Closing stock Rs. 3,000. Find
\n\n
the amount of purchases _____
A.Rs.10,000
B.Rs.11,000
C.Rs.15,000
D.Rs.9,000

= Option B

Explanation:

Cost Of Goods = Rs. 10,000

Closing Stock = Rs 3000

Total = Rs 13,000

Now,

Amount Of Purchases = 13,000 - 2000

=> 11,000