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Commerce · Q1971

Accounting

Graduate and Post Graduate · Commerce · question 1971

Q1971

Which of the following equation is not correct

A.
Cost of goods sold + closing stock - purchase = opening stock
B.
Opening stock + Purchase - closing stock = cost of goods sold
C.
Opening stock + purchases + closing stock - cost of good sold
Answer
D.
Closing stock + cost of goods sold - purchase = opening stock

Answer: Option C

Solution

Answer: Option C
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