Ca Foundation

Adjusted purchase means purchase - closing stock

Jitendra Kumar

CA Final

★ 41K+

18-Jun-23 13:19

Yeah , I knew the formula , but what is actually meant by it ?

Thread Starter

Atluri Tejasrisai

CA Inter

★ 205

18-Jun-23 13:35

I just want to know , what does the word adjusted actually mean ?

Thread Starter

Atluri Tejasrisai

CA Inter

★ 205

18-Jun-23 13:37

Instead of giving closing stock separately in trial balance, they will directly adjust it with purchases and give it in trial balance as adjusted purchases.. Nothing more to it

Jaswanth P

CA Inter

★ 3K+

18-Jun-23 14:11

Adjusted purchases is calculated by adding the opening stock to net purchases (ie., Cash Purchases + Credit Purchases - Purchases Returns) and subtracting the Closing Stock there from. Adjusted Purchases = Net Purchases + Opening Stock - Closing stock.

Roobika Sasi

CA Inter

★ 9K+

21-Jun-23 10:40

Adjusted purchases = opening stock + purchases - closing stock. Closing stock has two effects. When one effect is included in trial balance by way of inclusion in adjusted purchases the other should also form part of trial balance.

Varshaa M

CA Final

★ 35K+

21-Jun-23 11:13

There will be no closing stock given in trial balance as it's already there in purchase If at all closing stock is given in trial balance then PURCHASE=ADJUSTED PURCHASE

Shravan Kumar HR

CA Inter

★ 8K+

12-Jul-23 07:28