Question

1
A company purchased goods for { 10,00,000 and sold
80% of such goods during the year. The market
Value of remaining goods was a 1,80,000.-
will be the value of closing stock according to
conservatism principle. ​

Answer 1

Answer:

720000

Explanation:

Purchase-10,0000

sold 80% of 10,0000×80/100=8,00000

80%=10,0000-8,00000=2,00000

2,00000—1,80,000

8,00000—180000/200000×800000=720000