Accountancy, asked by Roufganie7031, 2 months ago

Wealth Ltd acquired 75% shares of Gold Ltd on 1st February 2019. Wealth Ltd sells goods at cost plus 20%. During the year 2019-2020, it supplied goods with Rs.90,000 to Gold Ltd, Out of which, 50% are still in stock of Gold Ltd as on 31st March 2019. Calculate the unrealized profit on stock to be adjusted.

Answers

Answered by tushireshamwala

0

Answer:

Rs. 7,500

Explanation:

unrealized profit on stock = Rs 90,000 * 50% * 1/6

= Rs. 7,500

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