A business concern provides the following details:
Cost of goods sold $15, 00, 000$
Sales $20, 00, 000$
Opening stock $6, 00, 000$
Closing stock $4, 00, 000$
Debtors $4, 50, 000$
Creditors $5, 00, 000$
The concern's purchases would amount to__________.

R s . 13, 00, 000

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R s . 22, 00, 000

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R s . 26, 00, 000

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R s . 29, 00, 000

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Solution

The correct option is A $R s . 13, 00, 000$
The formula for calculating cost of goods sold is:
COGS = Beg. inventory + Purchases During the year - Ending inventory
Hence, $R s .$ 15,00,000 = $R s .$ 6,00,000 + Purchases - $R s .$ 4,00,000
Purchases = $R s .$ 15,00,000 - $R s .$ 6,00,000 + $R s .$ 4,00,000
Purchases = $R s .$ 13,00,000

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Cost of goods sold	$15, 00, 000$
Sales	$20, 00, 000$
Opening stock	$6, 00, 000$
Closing stock	$4, 00, 000$
Debtors	$4, 50, 000$
Creditors	$5, 00, 000$

A business concern provides the following details:Cost of goods sold15,00,000Sales20,00,000Opening stock6,00,000Closing stock4,00,000Debtors4,50,000Creditors5,00,000The concern's purchases would amount to__________.

The correct option is A Rs.13,00,000The formula for calculating cost of goods sold is:COGS = Beg. inventory + Purchases During the year - Ending inventoryHence, Rs. 15,00,000 = Rs. 6,00,000 + Purchases - Rs. 4,00,000Purchases = Rs. 15,00,000 - Rs. 6,00,000 +Rs. 4,00,000Purchases = Rs. 13,00,000

A business concern provides the following details:
Cost of goods sold $15, 00, 000$
Sales $20, 00, 000$
Opening stock $6, 00, 000$
Closing stock $4, 00, 000$
Debtors $4, 50, 000$
Creditors $5, 00, 000$
The concern's purchases would amount to__________.