Question

If the opening stock is Rs. 4,000, purchases Rs. 20,000, direct expenses Rs. 3,000. Rent paid Rs. 6,000, closing stock Rs. 7,000. The amount of cost of goods sold is Rs……

Answer 1

Answer:

Cost of goods sold = Rs. 20,000

Explanation:

Step : Calculation of Cost of Goods sold: 1)Cost of goods sold = Opening stock + Purchases + Direct Expenses - Closing stock

C.G.S = 4,000+ 20,000 + 3,000 + 7,000

= 27000 -7,000

= Rs. 20,000