Q. Opening stock Rs.10,000 Sales Rs.40,000 Purchases Rs.30,000 Gross profit on sales 20% From the above figures, the amount of closing stock can be valued at (Solved)
1. Rs.8,000
2. Rs.28,000
3. Rs.12,000
4. Rs.20,000
- a. Rs.8,000
1. Rs.8,000
2. Rs.28,000
3. Rs.12,000
4. Rs.20,000