On 23rd March, 2006, i.e., a week before the end of the accounting year 2005-06, 1
company undertook physical stock verification. The value of Stock as per Physical stock
verification was found to be Rs.35,000. The following details pertaining to the period
23/03/2006 to 31/03/2006 are given :
Goods costing Rs.5.000 were sold during the week.
IL
Goods received from consignor amounting to Rs.4,000 included in the value of stock
Goods earlier purchased but returned during the period amounted to Rs. 1.000.
N. Goods earlier purchased and accounted but not received Rs.6.000. After considering
the above, the value of stock held as on March 31, 2006 was
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