Opening Stock $R s .50000$ , purchases $R s .350000$ , wages $R s .30000$ & closing stock $R s .70000$ .
Calculate the amount of cost of goods sold?

R s .3, 10, 000

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R s .4, 30, 000

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R s .3, 60, 000

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R s .4, 00, 000

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Solution

The correct option is B $R s .3, 60, 000$
'Cost of goods sold' pertains to direct expense which are operating in nature.
Bad debts is a financial expense hence not included in calculation of COGS.
Therefore COGS=Opening Stock+Purchases+Wages-Closing Stock.
= $50000$ + $350000$ + $30000$ - $70000$ = $360000$

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Opening Stock Rs.50000, purchases Rs.350000, wages Rs.30000 & closing stock Rs.70000.Calculate the amount of cost of goods sold?

The correct option is B Rs.3,60,000'Cost of goods sold' pertains to direct expense which are operating in nature.Bad debts is a financial expense hence not included in calculation of COGS.Therefore COGS=Opening Stock+Purchases+Wages-Closing Stock.=50000 + 350000 + 30000- 70000= 360000

Opening Stock $R s .50000$ , purchases $R s .350000$ , wages $R s .30000$ & closing stock $R s .70000$ .
Calculate the amount of cost of goods sold?