General Knowledge · Other
Which of the following accounting formulas is NOT correctly matched?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cost of goods sold = Opening stock + Purchase - Closing stock
- 2Closing stock (in Units) = Sales - Opening stock + Purchase✓
- 3Purchase = Cost of goods sold + Closing stock - Opening stock
- 4Closing stock (in ₹) = Opening stock + Purchase - Cost of goods sold
Correct answer
Closing stock (in Units) = Sales - Opening stock + Purchase
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