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    				| 1. | 11 Q.3:fuFollowing information is available for theyear2018.Rs.Stock on 1/1/20187,960Purchases during the year26,200Sales during the year31,610At the time of valuation of stock on 31.12.2017 a portion of the stock costing Rs. 1800 wavalued at Rs. 1,560. One third of this stock was sold during the year 2018 for Rs. 610. Finout stock at cost as on 31.12.2018 assuming that the firm makes 25% profit on cost. | 
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