find out opening stock purchase rs 2,00000 wages rs 20000 sales rs 260000 closing stock rs 30,000 gross profit rs 26000
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Explanation:
Net Sales =Cost of good sold + Gross Profit
2,60,000 =Cost of good sold + 26,000
Cost of good sold = 2,60,000-26,000
Cost of good sold = 2,34,000
Cost of good sold =Opening Stock + Purchases + Wages - Closing Stock
2,34,000 =Opening Stock + 2,00,000 + 2 0,000 - 30,000
opening stock =2,34,000 - 1,90,000
opening stock = 44,000
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