Given the following data extracted from the book of Abdul traders:
Opening stock = Rs. 30,000
Closing stock = Rs. 40,000
Purchases = Rs. 1,25,000
Carriage inwards = Rs. 2,000
Carriage outwards = Rs. 3,000
Return outwards = Rs. 5,000
Sales = Rs. 1,50,000
The cost of goods sold will be
A. Rs. 1,30,000
B. Rs. 1,12,000
C. Rs. 1,20,000
D. Rs. 1,15,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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