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Question : 39
Total: 200
Chetan Ltd. recorded the following information as on March 31, 2010
It is noticed that goods worth Rs. 30,000 were destroy due to fire against this, the insurance company accepted a claim of Rs. 14,000.
The company sells goods at cost plus 33.33%. The value of closing inventory, after takinginto account the above transaction is
| Inventory (1-4-2009) | Rs. 40,000 |
| Purchases | Rs. 80,000 |
| Sales | Rs. 1,00,000 |
The company sells goods at cost plus 33.33%. The value of closing inventory, after takinginto account the above transaction is
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