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The following information is provided by a club Stock of sports goods = Rs.20,000 Purchase of sports goods During the year = Rs.80,000 Sports

The following information is provided by a club Stock of sports goods = Rs.20,000 Purchase of sports goods During the year = Rs.80,000 Sports goods sold as scrap = Rs.500 Closing balance = Rs.30,000 The amount to charged to Income and Expenditure Account will be: A Rs. 69,000 B C D Rs. 70,000 Rs. 70,500 Rs. 80,000

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