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Teaching Accountancy Final Accounts Question Bank MCQ - Final Accounts

  • question_answer
    What is the amount of gross profit when opening stock is ` 1200, closing stock is ` 750, sales is ` 30000, cost of goods sold is ` 22750?

    A)  ` 6500                                    

    B)  ` 7700

    C)  ` 7250                                    

    D)  ` 5300

    Correct Answer: C

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