Question

find out opening stock purchase rs 2,00000 wages rs 20000 sales rs 260000 closing stock rs 30,000 gross profit rs 26000​

Answer 1

Explanation:

Net Sales =Cost of good sold + Gross Profit

2,60,000 =Cost of good sold + 26,000

Cost of good sold = 2,60,000-26,000

Cost of good sold = 2,34,000

Cost of good sold =Opening Stock + Purchases + Wages - Closing Stock

2,34,000 =Opening Stock + 2,00,000 + 2 0,000 - 30,000

opening stock =2,34,000 - 1,90,000

opening stock = 44,000