CA CPT Model Test Paper 9 with solutions for online practice
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Question : 13 of 199
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Closing stock was not taken on 31.03.2012 but only on 7.4.2012. Following transactions had taken place during the period from 01.042012 to 07.04.212. Sales Rs. 2,50,000, purchases Rs. 1,50,000, stock on 07.04.2012 was Rs. 1,80,000 and the rate of gross profit on sales was 20%, Closing Stock on 31.03.2012 will be:
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