Calculate Closing Stock from the following: Opening Stock ₹ 38,000 Purchases ₹ 3,40,000 Return Outwards ₹ 4,000
Calculate Closing Stock from the following:
[Ans. Cost of Goods Sold ₹ 3,75,000; Closing Stock ₹ 25,000.]
| Particulars | ₹ |
| Opening Stock | 38,000 |
| Purchases | 3,40,000 |
| Return Outwards | 4,000 |
| Freight Inwards | 26,000 |
| Sales | 3,60,000 |
| Return Inwards | 5,000 |
| Gross Loss | 20,000 |
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