Question

On 13th July, 2009 a fire occurred and partly destroyed the goods of Kayjee Corporation.
The cost of the salvaged goods was Rs. 20,000. The following particulars could be
obtained from the books :
(a) Balance as at 31st March, 2009:
Rs.
Stock at cost
1,20,000
Creditors for goods
10,000
(b) Transactions between 1st April, 2009 and 13th July, 2009 were as follows:
Rs.
Pay to creditors for goods
62,000
Returns outward
2,000
Returns inward
6,500
Carriage inward
9,000
Carriage outward
7,500
Sales
1,10,000
(c) Unpaid creditors for goods as on 13th July, 2009 amounted to Rs. 8,000.
All sales were made at a profit of 331/3% on selling price. There were no other purchases
and sales. The policy was for Rs. 90,000 and there was an average clause in the policy.
You are required to draw up a statement of claim for loss of stock on the basis of the above
facts.
[ICSI, Inter.]​

Answer 1

Answer:

122

Explanation:

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Answer 2

Answer:

accountancy answer in the book of advanced accountancy