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From the given information, choose the most appropriate answer:
The value of closing stock is
- a)Rs. 9,000
- b)Rs. 4,000
- c)Rs. 8,000
- d)Rs. 7,000
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
From the given information, choose the most appropriate answer:The val...
To find the value of the closing stock, we can use the formula: Cost of Goods Sold = Opening Stock + Purchases − Closing Stock
Given:
Given:
- Cost of Goods Sold = Rs.9,000
- Opening Stock = Rs.6,000
- Purchases = Rs.10,000
Plug the values into the formula and solve for the Closing Stock: 9,000 = 6,000 + 10,000 − Closing Stock
Closing Stock = 6,000 + 10,000 − 9,000 = Rs.7,000
The value of the closing stock is Rs. 7,000 (Option D).
Closing Stock = 6,000 + 10,000 − 9,000 = Rs.7,000
The value of the closing stock is Rs. 7,000 (Option D).
Most Upvoted Answer
From the given information, choose the most appropriate answer:The val...
Opening stock+purchases-cost of goods sold=closing stock
6000+10000-9000=7000
here is the answer(d)
6000+10000-9000=7000
here is the answer(d)
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From the given information, choose the most appropriate answer:The value of closing stock isa)Rs. 9,000b)Rs. 4,000c)Rs. 8,000d)Rs. 7,000Correct answer is option 'D'. Can you explain this answer?
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