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With no opening or closing stock, purchases are Rs 75,000 and wages Rs 8,000. What is the cost of goods sold?
ARs 67,000
BRs 75,000
CRs 1,25,000
DRs 83,000
Answer & Solution
Correct answer: D. Rs 83,000
With no stock, cost of goods sold equals purchases plus direct expenses, 75,000 + 8,000 = 83,000.
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