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This question belongs to Commerce Accounting
Accounting
?

A business concern provides the following details-
Cost of goods sold = Rs. 1,50,000
Sales = Rs. 2,00,000
Opening stock = Rs. 60,000
Closing stock = Rs. 40,000
Debtors = Rs. 45,000
Creditors = Rs. 50,000
The concerns, purchses would amount to (in Rs.):

Answer & Solution
Correct Answer: Option A
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