{"id":52138,"date":"2024-04-15T23:34:55","date_gmt":"2024-04-15T23:34:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=52138"},"modified":"2024-04-15T23:34:55","modified_gmt":"2024-04-15T23:34:55","slug":"which-of-the-following-is-not-correct-equation","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-not-correct-equation\/","title":{"rendered":"Which of the following is not correct equation?"},"content":{"rendered":"

[amp_mcq option1=”Purchases + opening stock – cost of goods sold = closing stock” option2=”Opening stock + purchases – closing stock = cost of goods sold” option3=”Closing stock – cost of goods sold – purchases = Opening stock” option4=”Cost of goods sold + closing stock – purchases = Opening stock” correct=”option3″]<\/p>\n

The correct answer is C. Closing stock – cost of goods sold – purchases = Opening stock.<\/p>\n

The equation for cost of goods sold is:<\/p>\n

Cost of goods sold = Opening stock + Purchases – Closing stock<\/p>\n

Therefore, the equation for opening stock is:<\/p>\n

Opening stock = Cost of goods sold + Purchases – Closing stock<\/p>\n

The equation for closing stock is:<\/p>\n

Closing stock = Cost of goods sold + Purchases – Opening stock<\/p>\n

Therefore, the equation C. Closing stock – cost of goods sold – purchases = Opening stock is not correct.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”Purchases + opening stock – cost of goods sold = closing stock” option2=”Opening stock + purchases – closing stock = cost of goods sold” option3=”Closing stock – cost of goods sold – purchases = Opening stock” option4=”Cost of goods sold + closing stock – purchases = Opening stock” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-52138","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\nWhich of the following is not correct equation?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-not-correct-equation\/\" \/>\n<meta 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