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Opening stock is Rs 10,000, net purchases Rs 50,000 and closing stock Rs 12,000. Cost of goods sold is:
ARs 72,000
BRs 52,000
CRs 60,000
DRs 48,000
Answer & Solution
Correct answer: D. Rs 48,000
10,000 plus 50,000 minus 12,000 gives a cost of goods sold of 48,000.
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