Question

3. A fire broke out in the warehouse of Mercantile Traders Ltd. on 30.9.1994. The Company
desires to file a claim with the Insurance Company for loss of stock and gives you the following
information to enable you to prepare a statement showing the amount to be claimed :
Rs.
40,000
Sundry Debtors on 31.12.1993
30,000
Sundry Debtors on 30.9.1994
1,44,000
Cash received from Debtors
15,000
Stock on 31.12.1993
Purchases from 1.1.1994 to 30.9.1994
1,25,000
Rate of Gross Profit to cost of sales 25%.
11.C.W.A. (Final)
Ans. Amount of Claim Rs. 32,800 ; Amount of Sales Rs. 1,34,000,

Answer 1

Answer:

this question is very big.. it feels like ignore the question and move to next one