CA CPT Dec 2015 Question Paper Fundamentals of Accounting for online practice
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Question : 23 of 59
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Chetan Ltd. recorded the following information as on March 31, 2010:
Stock (1-4-2009) Rs. 40,000
Purchases Rs. 80,000
Sales Rs. 1,00,000
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 Inventories, after taking into account the above transaction is :
Stock (1-4-2009) Rs. 40,000
Purchases Rs. 80,000
Sales Rs. 1,00,000
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 Inventories, after taking into account the above transaction is :
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