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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 19

year, and the cost of goods sold should be worked as per the following equation:

Chapter 9: Financial Statements - I · ACCOUNTANCY

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ou have learnt that financial accounting is a→well-defined sequential activity which begins→with Journal (Journalising), Ledger (Posting), and→preparation of Trial Balance (Balancing and→Summarisation at the first stage). In the present→

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