Edward Motors Ltd. a dealer in cars has the following five vehicles of different models and makes in their Inventory at the end of the financial year 2005-06 Car Cost (Rs.) Market Price (Rs.) (i) Zen 2,00,000 2,10,000 (ii) Fiat 3,50,000 3,70,000 (iii) Esteem 3,25,000 3,20,000 (iv) Honda City 6,00,000 6,30,000 (v) Optra 7,25,000 7,00,000 The value of Inventory included in balance sheet of the company as on 31 March, 2006 was

CA CPT Model Test Paper 4 with solutions for online practice

Question : 40 of 199

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Edward Motors Ltd. a dealer in cars has the following five vehicles of different models and makes in their Inventory at the end of the financial year 2005-06

Car	Cost (Rs.)	Market Price (Rs.)
(i) Zen	2,00,000	2,10,000
(ii) Fiat	3,50,000	3,70,000
(iii) Esteem	3,25,000	3,20,000
(iv) Honda City	6,00,000	6,30,000
(v) Optra	7,25,000	7,00,000

The value of Inventory included in balance sheet of the company as on 31 March, 2006 was

21,70,000
22,00,000
22,30,000
22,60,000

Validate

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