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

Goods sent on consignment for ₹50,000. During transit 1/10th of goods were destroyed byfire. Again 1/9th of goods received by consignee were destroyed by fire in godown. Half of theremaining goods were sold for ₹30,000. Freight & insurance paid by consignor were ₹2,500and ₹1500 respectively. calculate closing inventory