What is the amount of purchases, if
Opening stock = Rs. 3,500
Closing stock = Rs. 1,500
Cost of goods sold = Rs. 22,000

Rs.20,000

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Rs.24,000

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Rs.27,000

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Rs.17,000

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Solution

The correct option is A Rs.20,000
The amount of Purchases is Rs. 20,000.
Calculation:
Op. Stock + Purchases - Cl. Stock = Cost of Goods Sold
Rs. 3,500 + Purchases - Rs. 1,500 = Rs. 22,000
Purchases = Rs. 22,000 - Rs. 3,500 + Rs. 1,500
Purchases = Rs. 20,000

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Q. What is the amount of purchase with the following information?
Opening stock =

R s .3, 500

Closing stock =

R s .1, 500

Cost of goods sold =

R s .22, 000

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What is the amount of purchases, if Opening stock = Rs. 3,500Closing stock = Rs. 1,500Cost of goods sold = Rs. 22,000

The correct option is A Rs.20,000The amount of Purchases is Rs. 20,000.Calculation:Op. Stock + Purchases - Cl. Stock = Cost of Goods SoldRs. 3,500 + Purchases - Rs. 1,500 = Rs. 22,000Purchases = Rs. 22,000 - Rs. 3,500 + Rs. 1,500Purchases = Rs. 20,000

What is the amount of purchases, if
Opening stock = Rs. 3,500
Closing stock = Rs. 1,500
Cost of goods sold = Rs. 22,000

The correct option is A Rs.20,000
The amount of Purchases is Rs. 20,000.
Calculation:
Op. Stock + Purchases - Cl. Stock = Cost of Goods Sold
Rs. 3,500 + Purchases - Rs. 1,500 = Rs. 22,000
Purchases = Rs. 22,000 - Rs. 3,500 + Rs. 1,500
Purchases = Rs. 20,000