Accountancy, asked by atendra61, 1 year ago

Goods purchased Rupess 100000.sales rupess 90000 margin 20% on cost.closing inventoreis

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Answered by mangeshpai11pdswy1

0

25000
1/5 on cost is 1/6 on sales
so cost of goods sold is 90000-1/6*90000=75000
therefore closing stock=100000-75000

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