Question

5. A fire occurred on 15th September 1994 in the business premises. From the following figures
ascertain the claim to be lodged:
Rs.
Stock on 1 April 1994
Purchases from 1 April to the date of fire
Manufacturing Expenses
Sales from 1 April to the date of fire
Goods used by the partners privately(cost)
The rate of gross profit is 30% on cost and the stock of salvage is 36,000
1,05,300
3,50,000
2,60,000
6,76,000
10,500​

Answer 1

Answer:

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