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Commerce · Q1795

Accounting

Graduate and Post Graduate · Commerce · question 1795

Q1795

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

A.
Rs. 46,400
Answer
B.
Rs. 41,400
C.
Rs. 60,400
D.
Rs. 55,400

Answer: Option A

Solution

Answer: Option A
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