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Commerce · Q1768

Accounting

Graduate and Post Graduate · Commerce · question 1768

Q1768

Which of the following is not correct equation?

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

Answer: Option C

Solution

Answer: Option C
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