Question

From the following information, determine cost of goods sold

Opening Stock ₹23000, Purchases ₹29000, Sales Return ₹500, Sales ₹25400,

Purchase Return ₹2400, Packaging Charges ₹6000, Closing Stock ₹47700, and

Carriage Inward ₹100​

Answer 1

Answer:

Hope it help u

Explanation:

opening stock ₹15000 sales ₹48000 carriage inwards ₹3000 ... Cost of goods sold = Sales - Gross profit. Rs. 45,000 - 18,000 = 27,000 ... purchases return = 2700.