Question

2. On 31 st March, 2015 goods at a sale price of 350,000 were lying with a
customer to whom these goods were sold on "sale or return basis" and
goods sold were recorded as actual sales. Since no consent has been
received from customer, what will be the amount of inventories with
customer sent on approval at a profit of cost pilis 20% and present
market value is 10% less than cost price?
(a) 50,000
(b) 45,000
(c) 43,200
(d) 40,500​

Answer 1

Answer:

goods sold were recorded as actual sales. Since no consent has been received from customer, what will be the amount of ...