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A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost. At the end of the year 2009, the amount of opening stock to be shown in the trial balance of Mr. A will be(a) Rs. 20,000(b) Rs. 24,000(c) Rs. 1,00,000(d) Nil? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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Here you can find the meaning of A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost. At the end of the year 2009, the amount of opening stock to be shown in the trial balance of Mr. A will be(a) Rs. 20,000(b) Rs. 24,000(c) Rs. 1,00,000(d) Nil? defined & explained in the simplest way possible. Besides giving the explanation of
A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost. At the end of the year 2009, the amount of opening stock to be shown in the trial balance of Mr. A will be(a) Rs. 20,000(b) Rs. 24,000(c) Rs. 1,00,000(d) Nil?, a detailed solution for A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost. At the end of the year 2009, the amount of opening stock to be shown in the trial balance of Mr. A will be(a) Rs. 20,000(b) Rs. 24,000(c) Rs. 1,00,000(d) Nil? has been provided alongside types of A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost. At the end of the year 2009, the amount of opening stock to be shown in the trial balance of Mr. A will be(a) Rs. 20,000(b) Rs. 24,000(c) Rs. 1,00,000(d) Nil? theory, EduRev gives you an
ample number of questions to practice A started a business on 1st January 2009 with Rs. 5,00,000. During the year he bought goods worth Rs. 1,00,000 on credit and sold 80% of the same goods at profit of 20% on cost. At the end of the year 2009, the amount of opening stock to be shown in the trial balance of Mr. A will be(a) Rs. 20,000(b) Rs. 24,000(c) Rs. 1,00,000(d) Nil? tests, examples and also practice UPSC tests.