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InterviewSolution
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Calculate net sales and net purchases from the following information:Sales Rs.1,00,000 , Purchases Rs.50,000Sales Return Rs.5,000 , Purchase Return Rs. 8,000 |
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Answer» Sales Rs.1,00,000 , Purchases Rs.50,000 Sales Return Rs.5,000 , Purchase Return Rs. 8,000 Net Sales = Sales – Sales Return = 1,00,000 – 5,000 = 95,000 Net Purchases = Purchases – Purchase Return = 50,000 – 8,000 = 42,000 |
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