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Madhavi plastics close their books of …

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Madhavi plastics close their books of account on 31st march 2017. Stock taking takes about two weeks till 16th april. The value of closing stock thus arrived at was 45,000. During the two weeks in which stock taking took place, purchase made were 5,000 and total sales were 12,000. The firm makes a gross profit of 40% on sales, ascertain the value of closing stock on 31st march 2017.

Posted by Adesh Pachori 6 years, 11 months ago

CBSE > Class 11 > Accountancy

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