The annual accounts of a trading company are to be made up to December 31 but it
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The annual accounts of a trading company are to be made up to December 31 but it was not possible to carry out a stock-taking until January 5 at which date the stock was valued at cost at Rs. 68,567.
The following transactions took place between 1st and 5th January:
Prepare a statement to show the valuation of stock as at 31st December.
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