Calculate Closing Stock and Cost of Goods Sold Opening Stock ₹ 5,000; Sales ₹ 16,000; Carriage Inwards ₹ 1,000
Calculate Closing Stock and Cost of Goods Sold:
Opening Stock ₹ 5,000; Sales ₹ 16,000; Carriage Inwards ₹ 1,000; Sales Returns ₹ 1,000; Gross Profit ₹ 6,000; Purchases ₹ 10,000; Purchase Returns ₹ 900.
[Ans. Cost of Goods Sold ₹ 9,000; Closing Stock ₹ 6,100]
Solution:-
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