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CA CPT Jun 2017 Question Paper Fundamentals of Accounting for online practice

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Question : 39

Total: 60

Goods of Rs. 800 (sales price) sent on sale on approval basis were included in thesales book. The profit included in the sales was 25% on cost. Inventory with theparty will increase our closing inventory by

Rs. 600
Rs. 640
Rs. 680
Rs. 700

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