Total assets at the end are rs 2,25,000. External liabilities rs 1,00,000. If surplus for the year rs 20000. Opening fund will be??
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Answer:
Explanation:
Cost of Goods Sold = Opening Stock + Purchases + Carriage Inwards − Closing Stock
= 20,000 + 50,000 + 5,000 − 10,000 = 65,000
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