CA CPT Model Test Paper 3 with solutions for online practice
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Question : 34 of 200
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Calculate the value of closing stock from the following:
Opening Stock Rs. 60,000
Purchases Rs. 90,000
Sales Rs. 1,20,000
Gross Profit on cost 33.33% . Due to fire, stock costing Rs. 15,000 destroyed and insurance claim was accepted for Rs. 5000.
Opening Stock Rs. 60,000
Purchases Rs. 90,000
Sales Rs. 1,20,000
Gross Profit on cost 33.33% . Due to fire, stock costing Rs. 15,000 destroyed and insurance claim was accepted for Rs. 5000.
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