Find out purchases from the following information:
Opening stock - 12000
Closing stock - 14000
Wages - 8000
Indirect expenses - 15000
Sales - 70000
G/P - 20000
[tex]\huge\color{black}{ Answer}[/tex]
i am in class 12 th
Opening stock - 12000
Closing stock - 14000
Wages - 8000
Indirect expenses - 15000
Sales - 70000
G/P - 20000
[tex]\huge\color{black}{ Answer}[/tex]
i am in class 12 th
Answers & Comments
Given,
Opening stock - 12000
Closing stock - 14000
Wages - 8000
Indirect expenses - 15000
Sales - 70000
G/P - 20000
To find,
Purchases
Solution,
Cost of goods sold = Sales - Gross profit
= 70000 - 20000
= 50000
Purchases = Opening stock - Closing stock + Cost of goods sold
= 12000 - 14000 + 50000
= 48000
Verified answer
Answer:
Kitho o????
Explanation:
Find out purchases from the following information:
Opening stock - 12000
Closing stock - 14000
Wages - 8000
Indirect expenses - 15000
Sales - 70000
G/P - 20000