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      Question

      If the opening stock is ₹50,000, purchases are

      ₹2,00,000, and closing stock is ₹70,000, the Cost of Goods Sold is:
      A ₹1,80,000 Correct Answer Incorrect Answer
      B ₹2,20,000 Correct Answer Incorrect Answer
      C ₹2,50,000 Correct Answer Incorrect Answer
      D ₹1,30,000 Correct Answer Incorrect Answer
      E ₹3,20,000 Correct Answer Incorrect Answer

      Solution

      COGS = Opening Stock + Purchases - Closing Stock. 50,000 + 2,00,000 - 70,000 = 1,80,000.

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