Cost of goods sold-Rs.l,60,000
Purchases -Rs. 2,00,000
Opening inventory -Rs. 15,000
Gross profit- 20 % on sales
Calculate closing inventory

Question

Cost of goods sold-Rs.l,60,000 Purchases -Rs. 2,00,000 Opening inventory -Rs. 15,000 Gross profit- 20 % on sales Calculate closing inventory

Examsnet · Accepted Answer

Correct Answer is :  Rs. 55,000

CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice