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

A sent some goods costing Rs.3,500 at a profit of 25% on sale to B on sale or return basis. Breturned goods costing Rs.800. At the end of the accounting period i.e. on 31st December,2014, the remaining goods were neither returned nor were approved by him. TheInventories on approval will be shown in the balance sheet at Rs.