E Ltd., a dealer in second-hand cars has the following five vehicles of different models and makes in their stock at the end of the financial year 2004-2005: Car Fiat Ambassador Maruti Esteem Maruti 800 Zen Cost 90,000 1,15,000 2,75,000 1,00,000 2,10,000 Net realisable value (Rs.) 95,000 1,55,000 2,65,000 1,25,000 2,00,000 The value of stock included in the balance sheet of the company as on March 31, 2005 was:

Correct Answer is : Rs.7,70,000

CA CPT Model Test Paper 9 with solutions for online practice

Question : 3 of 199

Marks: +1, -0

E Ltd., a dealer in second-hand cars has the following five vehicles of different models and makes in their stock at the end of the financial year 2004-2005:

Car	Fiat	Ambassador	Maruti Esteem	Maruti 800	Zen
Cost	90,000	1,15,000	2,75,000	1,00,000	2,10,000
Net realisable value (Rs.)	95,000	1,55,000	2,65,000	1,25,000	2,00,000

The value of stock included in the balance sheet of the company as on March 31, 2005 was:

Rs.7,62,500
Rs.7,70,000
Rs.7,90,000
Rs.8,70,000.

Validate

Go to Question:

Prev Question

Next Question