Question

A fire occurred on 31/03/2014 in the premises of a firm and stock was destroyed with the exception of the values of Rs 1,24,080 following particulars is available from the books of account of the firm. stock on 31/12/2013 Rs 1,80,000,Purchases to the date of fire Rs 7,80,000,Sales to the date of fire Rs 5,40,000,Carriage inwards Rs 24,000,Commission paid on purchase manager 2%,Rate of gross profit on cost 50% and calculate loss of stock and amount of claim​

Answer 1

Answer:

fire occurred on 31/03/2014 in the premises of a firm and stock was destroyed with the exception of the values of Rs 1,24,080 following particulars is available from the books of account of the firm. stock on 31/12/2013 Rs 1,80,000,Purchases to the date of fire Rs fire occurred on 31/03/2014 in the premises of a firm and stock was destroyed with the exception of the values of Rs 1,24,080 following particulars is available from the books of account of the firm. stock on 31/12/2013 Rs 1,80,000,Purchases to the date of fire Rs 7,80,000,Sales to the date of fire Rs 5,40,000,Carriage inwards Rs 24,000,Commission paid on purchase manager 2%,Rate of gross profit on cost 50% and calculate loss of stock and amount of to the date of fire Rs 5,40,000,Carriage inwards Rs 24,000,Commission paid on purchase manager 2%,Rate of gross profit on cost 50% and calculate loss of stock and amount .