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Calculate the following.undervaluation of closing stock by 10% closing stock was 30000 rupees find out the value of closing stock |
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Answer» Undervaluation of closing stock by 10 % Revised value = \(\frac{Book\,value}{100-\%\,of\,undervaluation}\times100\) \(=\frac{30,000}{100-30}\times100\) = ₹ 33,333. ∴ Value of closing stock = ₹ 33,333. |
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