The annual accounts of a trading Company are to be made up to December 31 but it was not possible to carry out a stock-taking until January 5 at which date the stock was valued at cost at ₹68,567.
Following transactions took place between 1st and 5th January:
Goods receive₹4,600
Goods returned₹200
Sales₹10,500
Returned by customers₹625
The rate of gross profit is 25% of cost. prepare a statement to show the valuation of stock as at December 31.
Answers
Answered by
0
Answer:
ryt question
Explanation:
mark as brainlist
Similar questions