CA CPT Model Test Paper 9 with solutions for online practice
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Question : 60 of 199
Marks:
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Calculate average capital on the basis of following information:
Opening Capital = Rs. 2,00,000
Sales = Rs. 5,00,000
Total cost of goods available for sale = Rs. 5,00,000
Cost of Goods sold = Rs. 4,00,000
Direct expenses = Rs. 20,000
Indirect expenses = Rs. 10,000
Tax Rate = @50%
Opening Capital = Rs. 2,00,000
Sales = Rs. 5,00,000
Total cost of goods available for sale = Rs. 5,00,000
Cost of Goods sold = Rs. 4,00,000
Direct expenses = Rs. 20,000
Indirect expenses = Rs. 10,000
Tax Rate = @50%
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