Question

On 09-01-2016, the physical inventory of a business concern is taken at Rs.70,000. The following transaction took place between 01-01-2016 and 09-01-2016. Goods sold Rs.48,000, at a profit of 25% on cost which includes goods of the sale value of is Rs.5,000 not delivered to customer and of Rs.3,000 delivered on 29-12-2015. Calculate the value of physical inventory as on 31-12-2015. (a) Rs. 72,000 (b) Rs. 1,02,000 (c) Rs. 30,000 (d) Rs. 1,00,000

Answer 1

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ANSWER :-

[A] Rs. 72,000 ✓✓

Answer 2

Hello Friend

Ans

Option.A

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