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Commerce · Q803

Accounting

Graduate and Post Graduate · Commerce · question 803

Q803

Assume that M = opening stock, N = Purchases, O = Closing stock, P = Cost of goods sold. Then correct equation will be

A.
M - N = O + P
B.
M - O = P - O
C.
M - O = P - N
Answer
D.
P - M = N + O

Answer: Option C

Solution

Answer: Option C
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