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| Q.48 | ABC Ltd. purchased stock costing ₹20 lakhs in October 2021. 75% of the stock purchased was sold till March 2022. The expected sale value is ₹5,50,000 and a commission Avneesh101% is to be paid to the agent. As per AS-2, what should be closing stock on 31 March 2022? | |
| Ans | A. ₹5,00,000 | |
| B. ₹4,95,000 | ||
| C. ₹50,000 | ||
| D. ₹5,50,000 |
Correct Ans Provided: B
