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Do it precisely QUESTION 109 Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October. Till the end of the financial year, 75%

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QUESTION 109 Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October. Till the end of the financial year, 75% of the stocks were sold. The Company wants to disclose closing stock at Rs.5 lakhs. The expected sale value is Rs.5.5 lakhs and a commission at 10% on sale is payable to the agent. You are required to ascertain the value of closing stock

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