CA CPT Model Test Paper 11 with solutions for online practice

ABC Ltd. sells goods to its approved customers on sale or return basis at a profit of 20% on sales, treating as actual sales. On 26th March, 2010 goods costing Rs.10,000 were sent to Annu Ltd. No confirmation has been received from Annu Ltd. till 31st March, 2010. The amount of stock with customers to be shown as closing stock in the balance sheet of ABC Ltd. as on 31st March, 2010 will be: