Question

opening stock as on 1 april 2016 rs 700000 , purchase 3460000, manufacturing exp 700000 ,sales 5220000( at the time of valuing stock on 31st march 2016 A sum of 60,000 was written a particular item which was originally purchased for rs 2,00,000 and was sold for rs 1,60,000. GP 25% on cost .find out closing stock

Answer 1

here it is......................