Bank overdraft as per trail balance is ₹80,000 Bank has allowed the customer to overdrew 80% of the hypothecated value of the inventory. Hypothecation of inventory has been done by the bank at 80% of the original closing inventory value. The amount of closing inventory is:

Question

Examsnet · Accepted Answer

Correct Answer is : ₹1,25,000

CA CPT Dec 2018 Question Paper Fundamentals of Accounting for online practice