Cpt a/c
This query is : Resolved
saurabh_26
(Querist)
30 October 2011
1.The cost of inventory on April 20th was computed as Rs.5,25,000. The purchase of goods from April 1st to
20th were 3,25,000 which include cash purchase of Rs.75,000 and goods costing Rs.50,000 not yet received.
The value of closing stock for year ending 31st March would be ____
2.Opening stock 60000
Purchases 90000
Sales 120000
Gross Profit on Cost 33 1/3%
Cost of goods lost in Rs.15000. Insurance Claim Received Rs.5000
closing stock...?
3.A Sold Goods for Rs.50,000 which includes a sale to a customer for Rs.5,500 at cost + 10%, but these
goods were still in godown at the risk of buyer. The Total Sales to be recorded is
4.Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and
investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
20th were 3,25,000 which include cash purchase of Rs.75,000 and goods costing Rs.50,000 not yet received.
The value of closing stock for year ending 31st March would be ____
2.Opening stock 60000
Purchases 90000
Sales 120000
Gross Profit on Cost 33 1/3%
Cost of goods lost in Rs.15000. Insurance Claim Received Rs.5000
closing stock...?
3.A Sold Goods for Rs.50,000 which includes a sale to a customer for Rs.5,500 at cost + 10%, but these
goods were still in godown at the risk of buyer. The Total Sales to be recorded is
4.Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and
investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
CA Pushpendra Gaur
(Expert)
31 October 2011
Inventory as on 20 April 525000
Less Purchases of APril 325000
Less Goods not recd 50000 275000
Closing stock 250000
Less Purchases of APril 325000
Less Goods not recd 50000 275000
Closing stock 250000
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CA Pushpendra Gaur
(Expert)
31 October 2011
Opening Stock 60000
(+) Purchases 90000
(-) Cost of Sale
1,20,000 - 25 % of SAles 90000
(-) Cost of goods lost 15000
Clsoing Stock 45000
331/3 % on cost is equal to 25 % on Sales
(+) Purchases 90000
(-) Cost of Sale
1,20,000 - 25 % of SAles 90000
(-) Cost of goods lost 15000
Clsoing Stock 45000
331/3 % on cost is equal to 25 % on Sales
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CA Pushpendra Gaur
(Expert)
31 October 2011
The total sales in third case must be Rs 50,000 as the goods are lying in godown at the risk of buyer + the same is to be excluded from Cost of physical Inventory
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CA Pushpendra Gaur
(Expert)
31 October 2011
4. The Fixed Asset will be 6,00,000 and the capital will be 12,00,000 respecively
The Total assets will be Fixed 6,00,000 + Current Assets 3,00000+ Investments 4,00,000 = Rs 13,00,000
Cuurnt liability = 13,00,000 - Capital 12,00,000
= Rs 100,000
The Total assets will be Fixed 6,00,000 + Current Assets 3,00000+ Investments 4,00,000 = Rs 13,00,000
Cuurnt liability = 13,00,000 - Capital 12,00,000
= Rs 100,000
saurabh_26
(Querist)
31 October 2011
thanxxxxxx
sir............
sir............
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