Closing stock Rs. 53,400, cost of good sold Rs. 75,000 gross profit Rs. 5,000, purchases Rs. 82,000. Value of opening stock will be

The correct answer is A. Rs. 46,400.

The formula for calculating the value of opening stock is:

Opening stock = Closing stock + Cost of goods sold – Purchases

In this case, we have the following information:

• Closing stock = Rs. 53,400
• Cost of goods sold = Rs. 75,000
• Purchases = Rs. 82,000

Substituting these values into the formula, we get:

Opening stock = Rs. 53,400 + Rs. 75,000 – Rs. 82,000 = Rs. 46,400

Therefore, the value of opening stock is Rs. 46,400.

Here is a brief explanation of each option:

• Option A: Rs. 46,400. This is the correct answer.
• Option B: Rs. 41,400. This is incorrect because it is the value of closing stock, not opening stock.
• Option C: Rs. 60,400. This is incorrect because it is the value of purchases, not opening stock.
• Option D: Rs. 55,400. This is incorrect because it is the average of the values of closing stock and purchases, not the value of opening stock.