The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 toApl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-
i)The damaged goods are sold for Rs.15,000, Sold at 25% below cost.
ii)The remaining goods are sold at cost plus 25%.The value of stock as on 31st March is (Damaged goods valued at NRV) ______

Question

Examsnet · Accepted Answer

Correct Answer is : Rs.1,95,000

CA CPT 2013 Dec Question Paper Fundamentals of Accounting for online practice