Given: Opening inventory Rs. 3,500; Closing inventory Rs. 1,500; Cost – McqOptions

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1.	Given: Opening inventory Rs. 3,500; Closing inventory Rs. 1,500; Cost of goods sold Rs. 22,000. What is the amount of purchase?
A.	Rs. 20,000
B.	Rs. 24,000
C.	Rs. 27,000
D.	Rs. 17,000
Answer» B. Rs. 24,000

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