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<p>Cost of Goods Sold Rs.245,000 Purchases Rs.250,000 Freight Inward Rs.5,000 Closing Stock Rs.25,000 What will be the amount of Opening Stock? </p> <p>A) Rs.15,000 </p> <p>B) Rs.10,000 </p> <p>C) Rs.25,000 </p> <p>D) Rs.20,000</p>
Cost of goods sold = opening stock+ purchases +freight Inward - closing Stock
245000 = opening Stock +250,000+5000 -25000
245000 = opening stock +230,000
So,
Opening Stock =245,000-230,000
Opening Stock = Rs.15,000
A
RS15000
A) Rs.15,000
OPENING STOCK: RS.15000/-
ANSWER A
15000 RS
245+25-250-5=15k
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