Accountancy, asked by clothes4105, 1 month ago

Undervaluation of closing stock by 20%, closing stock was ₹ 60,000 .Find out the value of closing stock. *

Answers

Answered by AllenGPhilip

2

Answer:

Explanation:

VALUE OF CLOSING STOCK IS 60,000 - 20%

20%×60,000 = 12,000

CLOSING STOCK = 48,000

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