Value of physical inventory on 15-04-2016 was ₹3,00,00. Sales amounting to ₹1,00,000 and purchases worth ₹50,000 were held between 31-03-2016 to 15-4-2016. Goods are sold at20% profit on sales. Value of Inventory as on 31-03-2016 is

Question

Examsnet · Accepted Answer

Correct Answer is : ₹3,30,000

CA CPT Dec 2016 Question Paper Fundamentals of Accounting for online practice