Answer the following questions not exceeding 50 words each1 What do yo – InterviewSolution

1.	Answer the following questions not exceeding 50 words each1 What do you mean by adjusted purchases ?
Answer» If the amount of the closing stock is already known and is recorded in the books, it is given in the Trial Balance itself. If it is so, it means that both the opening as well as closing stocks have been adjusted in the purchases. ... In other words, Adjusted purchases = Net Purchases + Opening Stock - Closing stock.

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