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25. A) Calculate the value of …

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25. A) Calculate the value of opening stock from the following : Cash Sales 2,00,000 Sales Return ( out of credit sales ) 25,000 Purchase Return 20,000 Closing stock 1,80,000 Credit Sales 8,25,000 Purchases 6,20,000 Carriage inwards 40,000 Rate of gross profit 40% on sales b) What is meant by grouping or Marshalling a Balance Sheet ?
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