From the given information, find the correct amount of purchases.
Cost of goods sold $R s . 1, 20, 000$
Carriage inwards $R s . 1, 890$
Opening stock $R s . 43, 640$
Closing stock $R s . 38, 500$
Purchase returns $R s . 2, 150$
Sales $R s . 2, 82, 650$

R s . 1, 15, 120

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R s . 62, 650

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R s . 1, 10, 420

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None of the above

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Solution

The correct option is C $R s . 1, 15, 120$
Cost of Goods Sold=Opening Stock+Purchases+Carriage Inwards-Purchase returns-Closing Stock.

This can can be tabulated as:

Opening Stock 43,640

Add: Purchases 1,15,120

Add:Carriage Inward 1,890

Less: Purchase returns -2,150

_
1,58,500

Less:Closing Stock 38,500
_

Cost of Goods Sold 1,20,000

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Cost of goods sold	$R s . 1, 20, 000$
Carriage inwards	$R s . 1, 890$
Opening stock	$R s . 43, 640$
Closing stock	$R s . 38, 500$
Purchase returns	$R s . 2, 150$
Sales	$R s . 2, 82, 650$

Opening Stock	43,640
Add: Purchases	1,15,120
Add:Carriage Inward	1,890
Less: Purchase returns	-2,150
	_______ 1,58,500
Less:Closing Stock	38,500 _______
Cost of Goods Sold	1,20,000

From the given information, find the correct amount of purchases.Cost of goods soldRs.1,20,000Carriage inwardsRs.1,890Opening stockRs.43,640Closing stockRs.38,500Purchase returnsRs.2,150SalesRs.2,82,650

From the given information, find the correct amount of purchases.
Cost of goods sold $R s . 1, 20, 000$
Carriage inwards $R s . 1, 890$
Opening stock $R s . 43, 640$
Closing stock $R s . 38, 500$
Purchase returns $R s . 2, 150$
Sales $R s . 2, 82, 650$