Question

In the year to 30 April 2013, Tanya paid a total of 1,27,569 to her suppliers. Her opening closing balances due to suppliers and her opening and closing inventory values were:

Opening Value (*)

11,564

5,288

Suppliers

Inventory

Closing Value )

12,826

4,184

What are Tanya's cost of sales for the year to 30 April 2013 ?

(a) 1,25,203

(c) 1,27,727

(b) 1,26,307

(d) 1,29,935​

Answer 1

Answer:

For This Answer You will Clear The Concept Of These

Explanation:

What is closing stock?

Closing Stock is an amount of unsold stock lying in your business on a given date. In simple words, it’s the inventory which is still in your business waiting to be sold for a given period. The closing stock can be in various forms such as raw materials, in-process goods (WIP) or finished goods.