Question

3years.
A fire occurred on 31.12.83 in the premises of a firm. From the book
saved from fire, it was ascertained that:
Particulars
Rs.
Sales from 1.1.83 to 31.12.83
12,80,
Purchases from 1.1.83 to 31.12.83
8,40,
Stock on hand 31.12.82
2,36,
Gross profit for the past five years had averaged at 35% on sales. TI
salvaged was agreed at Rs.30,000. Draft a statement showing the a
claim. There was no average clause.​

Answer 1

Answer:

Bank credit to saving account