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Question No 05 Chapter No 1
5. Calculate the cost of goods sold from the following:
| Rs | Rs | ||
| Opening stock | 10,000 | Carriage inward | 500 |
| Net purchased | 30,000 | Closing stock | 15,000 |
| Wages | 2,500 |
Calculation of Cost of Goods Sold
| Cost of goods sold | = | Opening stock + Net purchased + Direct expenses – Closing stock |
| = | 10,000 + 30,000 + 2,500 + 500 – 15,000 | |
| = | Rs 28,000 |
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 05 Chapter No 1 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 05 Chapter No 1 - USHA Publication 11 Class" instantly.
