CA Foundation Exam  >  CA Foundation Questions  >  Cost of goods available for sale. 100000 tota... Start Learning for Free
Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000?
Most Upvoted Answer
Cost of goods available for sale. 100000 total sales. 80000 opening in...
Total cost of goods available for sale=1,00,000. So, it includes opening inventory and purchases. Now, on the debit of the trading account we get 1,00,000 and gross profit which is 80000*25%=20000. On the credit of trading we get sales=80000. So the balancing figure will be the closing inventory that is, 1,00,000+20000-80000=40000

Hop it helped.
Community Answer
Cost of goods available for sale. 100000 total sales. 80000 opening in...
Explore Courses for CA Foundation exam
Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000?
Question Description
Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000?.
Solutions for Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? defined & explained in the simplest way possible. Besides giving the explanation of Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000?, a detailed solution for Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? has been provided alongside types of Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? theory, EduRev gives you an ample number of questions to practice Cost of goods available for sale. 100000 total sales. 80000 opening inventory. 20000 gross profit margin. 25% closing inventory of the goods will be a)80000 b)60000 c)40000 d)36000? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev