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Finding Closing Stock

Sales are equ...

Question

Sales are equal to?

A

Cost of goods sold + Net Profit

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B

Cost of goods sold + Gross profit

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C

Purchases + Cash in hand

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D

Purchases + Gross Profit

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Solution

The correct option is B
Cost of goods sold + Gross profit

Answer: (B) Cost of Goods Sold + Gross Profit

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