Best selling CFIN notes
Other
Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October.
Popular
Accounting
Accounting
Answer to question: Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October. Till the end of the financial year, 75% of the stocks were sold. The Company wants to disclose closing stock at Rs.5 lakhs. The expected sale value is Rs.5.5 lakhs and a commission at 10% on sale is payable to the agent. You are required to ascertain the value of closing stock?
itstutiontime
$3.49
Newest CFIN summaries
Other
Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October.
New
Accounting
Accounting
Answer to question: Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October. Till the end of the financial year, 75% of the stocks were sold. The Company wants to disclose closing stock at Rs.5 lakhs. The expected sale value is Rs.5.5 lakhs and a commission at 10% on sale is payable to the agent. You are required to ascertain the value of closing stock?
itstutiontime
$3.49