Cost of purchase of raw material is __________.

Purchase price

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Purchase price + duties and tax paid there on

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Purchase price + taxes + freight inward

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Purchase price + taxes + freight inward - discounts and duty draw backs

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Solution

The correct option is D Purchase price + taxes + freight inward - discounts and duty draw backs
Cost of purchase of raw material includes all those expenses which are incurred for bringing the material at the location. This can be presented as:

Purchases price
+ Taxes
+ Freight Inwards
- Discount and duty draw backs

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Select the correct answer using the code given below.

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