Answered: Sales Purchases Wages Stock as on 01…

Sales Purchases Wages Stock as on 01 April 2020 Stock as on 31 March 2021 Freight inwards 18,00,000 O 17,00,000 16,00,000 O 14,00,000 20,00,000 15,00,000 1,00,000 3,00,000 4,00,000 1,00,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Compute the cost of goods sold for the year 2021 with the help of the following
information:
Sales
Purchases
Wages
Stock as on 01
April 2020
Stock as on 31
March 2021
Freight inwards
*18,00,000
*17,00,000
16,00,000
*14,00,000
|₹
20,00,000
15,00,000
1,00,000
3,00,000
4,00,000
1,00,000

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