From the following information, calculate value of opening Inventory: Closing Inventory ₹ 68,000 Total Sales ₹ 4,80,000 (including Cash Sales ₹ 1,20,000)
From the following information, calculate value of opening Inventory: Closing Inventory ₹ 68,000 Total Sales ₹ 4,80,000 (including Cash Sales ₹ 1,20,000) Total Purchases ₹ 3,60,000 (including Credit Purchases ₹ 2,39,200) Goods are sold at a profit of 25% on cost.
[Ans.: Opening Inventory = ₹ 92,000.]
Anurag Pathak Changed status to publish August 14, 2023
