Find the cost of closing stock from the following
Current ratio = 2.5
Liquid ratio = 1.5
Working capital = 1,20,000
Fixed assets = 3,00,000
A. Rs. 60,000
B. Rs. 80,000
C. Rs. 1,00,000
D. Rs. 1,20,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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