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Given figures showing : Sales Taka 8,200, Opening inventory Taka 1,300, Closing inventory Taka 900, Purchases Taka 6+,400, Carriage inwards Taka 200, the cost of goods sold figure is :
A
Taka 6800
B
Taka 6200
C
Taka 7800
D
Taka 7000
Correct Answer:
Taka 7000
What is the amount of purchases, when:
Opening stock is = Rs. 10,000
Closing stock is = Rs. 8,000
Sales is = Rs. 1,10,000
Cost of goods sold is = Rs. 80,000
A
Rs. 78,000
B
Rs. 30,000
C
Rs. 82,000
D
Rs. 92,000
Assertion (A): Increasing the value of closing inventory increases profit.
Reason (R): Increasing the value of closing inventory reduces the cost of goods sold
In the context of the above two statements, which of the following is correct?
A
Both (A) and (R) are correct
B
Only (A) is correct
C
Only (R) is correct
D
Both (A) and (R) are incorrect
Assertion (A) Increasing the value of closing inventory increases profit.
Reason (R) Increasing the value of closing inventory reduces cost of goods sold.
A
Both (A) and (R) are true
B
(A) is true, but (R) is false
C
(A) is false, but (R) is true
D
Both (A) and (R) are false
If sales are Rs. 6000, gross profit is $$\frac{1}{3}$$ on cost, purchase are Rs. 4,900 and the closing stock is Rs. 900, the opening stock will be:
A
Nill
B
Rs. 500
C
Rs. 2,000
D
Rs. 4,900
There are two classes of three figures each. Class 'A' figures differ in certain way from figures in Class 'B'. Which two of the four Answer Figures belong to Class 'A'?
A
1 and 3
B
1 and 2
C
2 and 4
D
2 and 3
Carlos Company had Beginning inventory of TA. 80,000, ending inventory of TA. 110,000 cost of goods sold of TA. 285,000 and sales of TK 475. 000 Carlos's days in inventory is:
A
73 days
B
102.5 days
C
121.7 days
D
84.5 days
Carlos Company had beginning inventory of TA, 80,000 ending inventory of TA. 110,000, cost of goods sold of TA. 285,000, and sales of TK. 475,000. Carlos's days in inventory is
A
72 days
B
102.5 days
C
121.7 days
D
84.5 days
If the cost of goods sold is Rs. 1,20,000 and gross loss is $${\frac{1}{4}^{{\text{th}}}}$$ of the selling price, then the selling price would be
or
If cost of goods sold is Rs. 1,20,000 and gross loss is 25% of sales, then what will be the amount of sales?
A
Rs. 90,000
B
Rs. 96,000
C
Rs. 1,20,000
D
Rs. 1,26,000
Assume that
M = opening stock, N = Purchases, O = Closing stock, P = Cost of goods sold.
Then correct equation will be
A
M - N = O + P
B
M - O = P - O
C
M - O = P - N
D
P - M = N + O
In case the opening stock was Rs. 5,000, purchases Rs. 15,000 direct expenses Rs. 2,000 and closing stock Rs. 2,500, the cost of goods sold had been:
A
Rs. 20,000
B
Rs. 19,500
C
Rs. 21,500
D
Rs. 22,000
