Ascertain the value of closing stock from the following: Opening Stock ₹ 1,20,000 Purchases During the year ₹ 9,30,000
Ascertain the value of closing stock from the following:
[Ans. Closing Stock ₹ 1,14,000.]
| ₹ | |
| Opening Stock | 1,20,000 |
| Purchases During the year | 9,30,000 |
| Sales during the year | 15,60,000 |
| Rate of Gross Profit | 40% on Sales |
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