Xyz opening stock Rs 250 and closing stock Rs 5400 and the Gold Sold Rs 65600 what will be the amount of purchases?
Answers
Answered by
3
cost of goods sold = opening capital + purchases - closing capital
65600 = 250 + purchases - 5400
65600 = - 5150 + purchases
purchases = 65600 +5150
= 70750
Purchases = 70750
Answered by
0
Purchase during the year = 70,750
Explanation:
Given:
Opening stock = Rs.250
Closing stock = Rs.5400
Cost of goods sold = Rs.65,600
Purchase during the year = ?
Computation of Purchase during the year:
Purchase during the year = Cost of goods sold + Closing stock - Opening stock
Purchase during the year = 65,600 + 5400 - 250
Purchase during the year = 70,750
Learn more:
https://brainly.in/question/7529702
#learnwithbrainy
Similar questions