Sampat sent goods on Approval basis at cost plus 20% as follows: Date March, 18 CustomerName Sale Price Goods Accepted GoodsReturned 5th K 4,200 3,500 — 10th L 8,000 6,000 1,000 15th M 7,500 6,500 1,000 25th P 10,800 7,800 2,000 The Inventories of goods sent on approval basis to be shown in the balance sheet as on 31st March,2018 will be

CA CPT Dec 2018 Question Paper Fundamentals of Accounting for online practice

Question : 34 of 50

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Sampat sent goods on Approval basis at cost plus 20% as follows:

Date March, 18	CustomerName	Sale Price	Goods Accepted	GoodsReturned
5th	K	4,200	3,500	—
10th	L	8,000	6,000	1,000
15th	M	7,500	6,500	1,000
25th	P	10,800	7,800	2,000

The Inventories of goods sent on approval basis to be shown in the balance sheet as on 31st March,2018 will be

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