Accountancy, asked by miajeet159, 2 months ago

Calculate the value of closing stock from the following information.
Opening Stock 1,20,000; Purchases during the year 9,30,000 ; Sales during the year 15,60,000;
Rate of Gross Profit - 40 % on Sales.

Answers

Answered by b4bhartidbg

1

Answer:

Gross profit= sale*40%

= 1560000*40/100

=624000

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