Question

the value of opening stock is Rs.20000. And the cost of good in hand at the end of year is Rs. 40000 . Find out cost of good sold .​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

hello mate

Explanation:

hope I helped you

This can be represented by below equation:

Opening Stock+Purchases-closing stock=Cost of Goods sold

Putting the available information in the equation:

Rs.60000+Purchases-Rs.40000=Rs.150000

Rs.60000-Rs.40000+Purchases=Rs.150000

Rs.20000+Purchases=Rs.150000

Purchases=Rs.150000-Rs.20000

Purchases =Rs.130000.