Question

Calculate the fire occurred in the premises of X limited on 10.10.2011. All stock were destroyed except to the extent of Rs. 6,200. From the following figures ascertain the loss of stock suffered by the company. Stock on 1.1.2010 was Rs. 40,000, purchase during 2010 Rs. 1,45,000, sale during 2010 Rs. 2,00,000, stock on 31.12.2010 Rs. 25,000, purchases during 2011 upto the date of fire Rs. 1,52,200 sand sales during 2011 up to the date of fire Rs. 1,89,000.​

Answer 1

Answer:

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