Financial statements

Total purchases - returns - withdrawn etc

Kumar G

CA Final

★ 12K+

23-Dec-21 11:21

This adjusted purchase?

Thread Starter

DIVYA S

CA Final

★ 53K+

23-Dec-21 11:23

Here Means they have adjusted all the adjustments which I had mentioned above no need further adjustments

Kumar G

CA Final

★ 12K+

23-Dec-21 11:24

But the answer in book

Thread Starter

DIVYA S

CA Final

★ 53K+

23-Dec-21 11:28

Can you please elaborate your doubt ,excatly whats the doubt

Kumar G

CA Final

★ 12K+

23-Dec-21 11:34

I think adjusted purchase = opening stock+purchase-closing stock. In this question adjusted purchase-420000, Purchase =420000+180000-20000=580000 And here the answer also correct So am i doing right?

Thread Starter

DIVYA S

CA Final

★ 53K+

23-Dec-21 11:47

Its COGS

Kumar G

CA Final

★ 12K+

23-Dec-21 12:52

Let me check

Kumar G

CA Final

★ 12K+

23-Dec-21 12:56

Means adjusted purchase= cogs?

Thread Starter

DIVYA S

CA Final

★ 53K+

23-Dec-21 12:57

Adjusted purchases means opening stock plus purchases less closing stock. So illustration has given purchases after adjusting chagne in stocks, hence its being reinstated to original (without adjusting to change in opening and closing stock)

Sudha Reddy

CA Final

★ 20K+

24-Dec-21 12:34

Ok thank you

Thread Starter

DIVYA S

CA Final

★ 53K+

24-Dec-21 12:43