other govt exam FCI Assistant Grade 3 (AG III) Phase I & II Mock Test Accountancy Trading and Profit & Loss Account
Calculate the estimated value of the closing stock on the basis of the following information when the incomplete records are kept by the business, opening stock Rs. 20,000; Purchases Rs. 1,70,000; Sales Rs. 2,00,000 and the rate of gross profit on cost 25%
1
Rs. 10000
2
Rs. 20000
3
Rs. 30000
4
Rs. 40000
5
Rs. 25000