Q.26 Calculate closing stock from the following:
Opening Stock - Rs.50,000
Purchases- Rs. Rs.1,00,000
Credit Sales- Rs.1,40,000
Cash Sales- Rs.1,00,000
Rate of gross profit on cost is 33%1/3
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Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. ❤️
Organizations in this sector: Institute of Chartered Accountants in England and Wales
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