Question

Opening stock of branch is 50000 cost of good sold is 250000 and closing stock is 75000 find the amount of goods received from head office

Answer 1

ANSWER :

• ❖ If Opening Stock of Branch is Rs. 50,000; Cost of Goods Sold is Rs. 2,50,000 and Closing Stock of Branch is Rs. 75,000; then the amount of Goods Received from Head Office will be Rs. 2,75,000.

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SOLUTION :

❒ Given :-

• Opening Stock of Branch is Rs. 50,000.

• Cost of Goods Sold is Rs. 2,50,000.

• Closing Stock of Branch is Rs. 75,000.

❒ To Find :-

• Amount of Goods Received from Head Office = ?

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❒ Calculation :-

From the given information, we get,

• ⊚ Closing Stock of Branch = Rs. 75,000

✠ Add : Cost of Goods Sold = Rs. 2,50,000

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \underline{ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: }$

• ⊚ Total Amount = Rs. 3,25,000

✠ Less : Opening Stock of Branch = Rs. 50,000

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \underline{\underline{ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \:}}$

• ✪ Goods Received from Head Office = Rs. 2,75,000

Hence,

• ✎ The amount of Goods Received from Head Office = Rs. 2,75,000.

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❍ Verification :-

We know that,

• ★ Closing Stock of Branch = Opening Stock of Branch + Goods Received from Head Office - Cost of Goods Sold

We have,

• Closing Stock of Branch = Rs. 75,000

• Opening Stock of Branch = Rs. 50,000

• Goods Received from Head Office = Rs. 2,75,000

• Cost of Goods Sold = Rs. 2,50,000

Now,

$\: \: \: \: \: \: \: \: \:$ R.H.S =

• Opening Stock of Branch = Rs. 50,000

( + ) : Goods Received from Head Office = 2,75,000

• Total Stock at Branch = Rs. 3,25,000

( - ) : Cost of Goods Sold = Rs. 2,50,000

• Closing Stock = Rs. 75,000

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \:$ = L.H.S.