Question

opening stock rs 30,000purchase rs80,000 direct expenses rs 3000closing stock rs 20,000 sales rs 125000 calculate cost of goods sold gross profit​

Answer 1

Answer:

Cost of goods sold=Opening Stock+ Purchases. +Direct Expenses - Closing stock

=30,000+80,000+3,000-20,000.

=1,10,000+3,000-20,000

=1,13,000-20,000

=93,000

Gross Profit = Sales - Cost of goods sold

= 1,25,000 - 93,000

= 32,000