E Ltd. a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-10. Car Cost (₹) NRV (₹) Fiat 90,000 95,000 Ambassador 1,15,000 1,55,000 Maruti Esteem 2,75,000 2,65,000 Maruti 800 1,20,000 1,25,000 The value of inventory included in the balance sheet of the company as on March 31, 2010 was :

Correct Answer is : ₹ 5,90,000

CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

Question : 19 of 60

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E Ltd. a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-10.

Car	Cost (₹)	NRV (₹)
Fiat	90,000	95,000
Ambassador	1,15,000	1,55,000
Maruti Esteem	2,75,000	2,65,000
Maruti 800	1,20,000	1,25,000

The value of inventory included in the balance sheet of the company as on March 31, 2010 was :

₹ 7,62,500
₹ 7,70,000
₹ 5,90,000
₹ 8,70,000

Validate

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