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Q.26 Calculate closing stock from the following:Opening Stock - Rs.50,000Purchases- Rs. Rs.1,00,000Credit Sales- Rs.1,40,000Cash Sales- Rs.1,00,000Rate of gross profit on cost is 33%1/3 |
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Answer» Answer: 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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