Question

99 Opening stock 13,500, Purchase 2.0, Sales 120.000 and stock salvaged 1260, the rate of gross profit 50% on
cost then the stock destroyed by fire will be:
a) 14,740
b) 27,740
d 36.000
d) None of above
HIL RAN​

Answer 1

Answer:

Goods worth Rs.10,000 was destroyed by fire and insurance company admitted the claim of 60%. The journal entry

Explanation:

Option C