Question

the premises of orange plastic ko caught fire on 23rd november 2016 and the stock was damaged the form made up accounts on 31st march each year on 31st march 2016 the stock was valued at 36000 been 10% less than the cost against stock was valued at cost as on 31st march 2015 amounted to 10000 purchase during period 1st april 2016 to the date fire amounted to 126200 as against purchase of 240000 for full year 31st march 2016 and corresponding sales figures was 180000 and 300000 respectively following further information is available i in october 2016 goods of the sale value of 6000 were given as samples and no entry was made in the books. also during the period goods costing 500 was being misappropriated every month by the store keeper from 1st may 2016 untill he was caught on 31st august 2016 and the value of misappropriated goods was recovered from him and he was dismissed ii) the rate of gross profit was constant from the above information make an estimate of stock on hand on the date of fire. value of goods salvage amount to 10000. calculate the amount of claim​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

the claim for the lest interest is just 500