Undervaluation of Closing Stock by 10%. Closing Stock was ` 30,000 find out the value
of Closing Stock
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30000*10/100=3000 is the undervaluabke of closing stock
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Concept introduction:
Stock in the context of finance refers to the portions into which possession of an organization or firm is split. A unique share of stock represents a proportional ownership interest in the company based on the total number of shares.
Explanation:
We have to answer the question accordingly.
A question has been given to us.
is the value .
Final answer:
Hence, the final answer of the question is .
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