8. Ascertain the value of closing stock from the following:
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
D.K.Goel/2024 Edition/Practical Questions/Q-08
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :