Question

Sales for the year ended 31st March, 2010 amounted to Rs.10,00,000. Sales included goods sold to Mr. A for Rs.50,000 at a profit of 20% on cost. Such goods are still lying in the godown at the buyer’s risk. Therefore, such goods should be treated as part of:
(a) Sales (b) Closing inventory (c) Goods in transit (d) Sales return

Answer 1

$<b1>$

The Answer is :-

[B] Closing Inventory ✓✓

Answer 2

Hello Friend

Ans

OptionmB

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