Question

Purchase -12000,closing stock-7000,purchase return-1500,and cost of goods sold-12500 find opening stock?

Answer 1

Net purchases = purchases - returns

                        = 12,000 - 1500 = 10,500

Closing stk = 7000

Cost of goods sold = 12500

closing stk = opening stk + net purchases - cost of goods sold

          7000 = o/s + 10500 - 12500

7000 + 2000 = o/s

     Opening stock = Rs 9000

Answer 2

cost of goods sold = opening stock + purchases - purchases return -closing                     stock

12500 = opening stock +12000-1500-7000

- opening stock = 12000-1500-7000-12500

- opening stock = - 9000

opening stock = 9000