Question

Prepare Trading Account and calculate Cost of Goods Sold from the following
Wages Rs 10,000; Opening stock Rs 20,000; Closing stock Rs 30,000 ; Purchases 15,000 ; Carriage inwards Rs 20,000 ; freight Rs 15,000 ; Rent Rs 20,000 ; Salary and wages Rs
20,000

Answer 1

Answer:

Formula :cost of goods sold = opening stock +purchase -closing stock

cost of goods sold = 20000+15000-30000=5000

And then you make trial balance