Question

22. On 21st July, 2017 The godown and business premises of a merchant were affected by
fire and from accounting records salvaged, the following information is made available
to you.
1,00,000
Stock of goods at cost on 1st April, 2016
Stock of goods at 10% lower than cost as on 31st March, 2016 1,08,000
Purchases of goods for the year from
1st April, 2017 to 31st March, 2017
4,20,000
Sales for the same period
6,00,000
Purchases less returns for the period from
1st April, 2017 to 20th July, 2017
1,40,000
Sales less returns for the above period
3,10,000
Sales upto 20th July, 2017 included * 40,000 for which goods had not been despatched.
Purchases upto 20th July 2017 did not include * 20,000 for which purchases invoices
had not been received from suppliers, though goods have been received at the godown.
Goods salvaged from the accident were worth * 12,000 and these were handed over to
the insured by the Insurance Co.
Ascertain the value of the claim for the loss of stock which could be preferred on the
insurer.​

Answer 1

Answer:

49000

Explanation:

please mark me as branliest pleazzzzzzzzz. and follow me.