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Question

What is the correct formula for calculation of closing stock?


A

Opening stock + Direct expenses - Cost of goods sold

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B

Opening stock - Direct expenses - Cost of goods sold

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C

Opening stock + Direct expenses + Cost of goods sold

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D

None of the above

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Solution

The correct option is A

Opening stock + Direct expenses - Cost of goods sold


Closing stock = Opening stock + Direct expenses - Cost of goods sold


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