CA CPT Model Test Paper 3 with solutions for online practice
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Question : 50 of 200
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The cost of inventory as per physical verification as on 24th March was Rs. 4,00,000. Goods are sold at a profit of 25% on cost.
On 21st March, goods on the sale value of Rs. 1,00,000 were sent on sale on return basis to a customer, the period of approval being two weeks. He returned 20% of the goods and approval 80% of the remaining on 31st March.
The cost of inventory as per books is :
On 21st March, goods on the sale value of Rs. 1,00,000 were sent on sale on return basis to a customer, the period of approval being two weeks. He returned 20% of the goods and approval 80% of the remaining on 31st March.
The cost of inventory as per books is :
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