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 If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closing stock Rs. 6,000, then the amount of purchase will be :-
  • a)
    Rs. 80,500
  • b)
    Rs. 74,900
  • c)
    Rs. 74,700
  • d)
    Rs. 80,900
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closin...
Calculation of Purchase Amount:
To calculate the amount of purchase, we can use the formula:
Purchase = Cost of Goods Sold + Closing Stock - Opening Stock

Given information:
- Cost of Goods Sold = Rs. 80,700
- Opening Stock = Rs. 5,800
- Closing Stock = Rs. 6,000

Calculation:
Purchase = 80,700 + 6,000 - 5,800
Purchase = 80,700 + 200
Purchase = Rs. 80,900
Therefore, the amount of purchase is Rs. 80,900, which matches with option 'D'.
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Community Answer
If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closin...
Cogs=opening stock +purchase-closing stock
80700=5800+p-6000
p=80700+6000-5800
p=80900
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If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closing stock Rs. 6,000, then the amount of purchase will be :-a)Rs. 80,500b)Rs. 74,900c)Rs. 74,700d)Rs. 80,900Correct answer is option 'D'. Can you explain this answer?
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If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closing stock Rs. 6,000, then the amount of purchase will be :-a)Rs. 80,500b)Rs. 74,900c)Rs. 74,700d)Rs. 80,900Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closing stock Rs. 6,000, then the amount of purchase will be :-a)Rs. 80,500b)Rs. 74,900c)Rs. 74,700d)Rs. 80,900Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If cost of goods sold is Rs. 80,700, opening stock Rs.5,800 and closing stock Rs. 6,000, then the amount of purchase will be :-a)Rs. 80,500b)Rs. 74,900c)Rs. 74,700d)Rs. 80,900Correct answer is option 'D'. Can you explain this answer?.
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