Financial statements

Accountancy

The question says that closing stock is more than opening stock by 160000 Then why are we adding the difference amount in cost of purchase ?

Jashvanth.K

CA Inter

★ 11K+

15-Mar-25 13:37

258

Answers (4)

Best Answer

Adjusted PUrchases = Op Stock + Pur - CS i.e Purchase = Adj PUrchases + Cs - Op stock = Adj purchase + 160,000

CA Suraj Lakhotia

Admin

15-Mar-25 18:31

Oh okieyy sir, instead we reverse calculating shall we write purchases also as there were not mentioned about the finished goods, wip shall we write alone the purchases?

Thread Starter

Jashvanth.K

CA Inter

★ 11K+

15-Mar-25 19:46

Thread Starter

Jashvanth.K

Oh okieyy sir, instead we reverse calculating shall we write purchases also as there were not mentioned about the finished goods, wip shall we write alone the purchases?

ONly purchases.

CA Suraj Lakhotia

Admin

17-Mar-25 09:38

CA Suraj Lakhotia Admin

ONly purchases.

Thank you sir

Thread Starter

Jashvanth.K

CA Inter

★ 11K+

17-Mar-25 09:43