Question

Question 14
Determine the value of stock to be taken to the Balance Sheet of Tushar Tulsian Ltd, as at March 31, from the
following information:
The stock was physically verified on 24th March and was valued at 4,00,000. After stock taking, the following
transactions had taken place till 31st March.
(a) Purchases 2,00,000 out of which 20% of goods were returned.
(b) Sale of good units 2,00,000 out of which 20% goods were returned by the customer.
(c) Sale of defective units 1,80,000 at 10% less than the normal selling price,
(d)
On 21st March goods of the sale value of 2,00,000 were sent on sale or return basis to a customer, the
period of approval being two weeks. He returned 20% of the goods and approved 80% of the remaining on 31st
March.
(e) On 23rd March goods of the sale value of 2,00,000 were sent on consignment basis. 80% of these goods had
been sold on 31st March.
On 23rd March goods costing 2,00,000 were received for sale on consignment basis. 80% of these goods
had been sold on 31st March.
Notes:​

Answer 1

hi I am D.PRABHAS naik roll no 30