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cost of goods=opening stock+purchase-

Kajal sakat 26th Feb, 2026

Answers (2)

Pratham Chugh 9th Mar, 2026

The Cost of Goods Sold (COGS) formula is:

Cost of Goods Sold = Opening Stock + Purchases − Closing Stock

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Pratham Chugh 9th Mar, 2026

The Cost of Goods Sold (COGS) formula is:

Cost of Goods Sold = Opening Stock + Purchases − Closing Stock

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Question : Which of the following transactions will improve the current ratio?
Option 1: Repayment of a Current Liability.
Option 2: Purchase of goods for cash.
Option 3: Purchase of goods on credit.
Option 4: Sale of goods for Rs.2,00,000 (Cost Rs. 1,50,000).

4 Views

Question : Which of the following transactions will improve the current ratio?
Option 1: Repayment of a Current Liability.
Option 2: Purchase of goods for cash.
Option 3: Purchase of goods on credit.
Option 4: Sale of goods for Rs.2,00,000 (Cost Rs. 1,50,000).

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