Question

Sales 110000 opening stock 10000 closing stock 8000 then purchases = ?

Answer 1

Purchases are rs 108000

Answer 2

1,08,000

Explanation:

Given:

Sales = 1,10,000

Opening Stock = 10,000

Closing Stock = 8,000

Purchases = ?

Computation:

Cost of Goods Sold / Sales =   Opening Stock - Closing Stock + Purchase  during the year

1,10,000 = 10,000 - 8000 + Purchase during the year

1,10,000 = 2,000 + Purchase During the year

1,10,000 - 2,000 = Purchase during the year

1,08,000 = Purchase.

Therefore, Purchase during the year is 1,08,000.

Learn more:

https://brainly.in/question/10311421

#learnwithbrainly