CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice

A trader has credited certain items of sales on approval aggregating Rs.60,000 to Sales Account. Ofthese, goods of the value of Rs. 16,000 have been returned and taken into Inventories at cost Rs.8,000though the record of return was omitted in the accounts. In respect of another parcel of Rs.12,000 costbeing Rs.6,000 the period of approval did not expire on the closing date. Cost of goods lying withcustomers should be