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CBSE Class 11-commerce Answered

Sales- 1000/- | Sales Return- Rs.150/-| Purchase- Rs.700/-| Purchase Return Rs.50/-| Opening Stock Rs.200/-| Closing Stock Rs.250/-| Calculate the Cost of Goods Sold.
Asked by dindorepankaj | 14 Apr, 2020, 04:47: PM
answered-by-expert Expert Answer
Formula for computing Cost of Goods Sold = Opening Inventory + Net Purchases + Direct Expense s - Closing Inventory
                                                              = 200 + (700-50) - 250
                                                              = 600 
Answered by Surabhi Gawade | 14 Apr, 2020, 07:47: PM
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