Question

If the Invoice price of closing stock is Rs. 3,60,000 what amount should be transferred to

Stock Reserve given loading is 20% of cost price


A) ₹ 60,000
B) ₹ 1,20,000
C) ₹ 40,000
D) ₹ 10,000​

Answer 1

Answer:

this question answer is c

Answer 2

Given

The invoice price of closing stock = 360000 Rs

Given Loading price = 20%

To find

The amount to be transferred to the stock reserve

Solution

The solution to the above problem can be easily obtained using the equations for percentage.

The solution to the above problem is as follows

The equation to find the total = $\frac{total price of the stock* Loading cost }{total percentage }$

This gives us with =  $\frac{360000*20}{120}$= 60000

So the final answer to the above and amount to be transferred =6000