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Commerce · Q953

Accounting

Graduate and Post Graduate · Commerce · question 953

Q953

Find the cost of closing stock from the following Current ratio = 2.5 Liquid ratio = 1.5 Working capital = 1,20,000 Fixed assets = 3,00,000

A.
Rs. 60,000
B.
Rs. 80,000
Answer
C.
Rs. 1,00,000
D.
Rs. 1,20,000

Answer: Option B

Solution

Answer: Option B
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