Determine the value of stock to be taken to the Balance Sheet of Bharat Tulsian Ltd. as at 31st March from the following information: The stock was physically verified on 24th March and was valued at 4,00,000. After stock taking, the following transactions had taken place till 31st March:
a) Purchases 200,000 out of which 20% goods were returned.
b) Sales of Good Units 2,00,000 out of which 20% goods were returned by the customers.
c) Sales of Defective units 1,80,000 at 10% less than the normal selling price.
d)On 21th March goods of the sales value of ₹2,00,000 were sent on sale or return basis to a customer, the period of approval being two weeks. He returned 20% of the goods and approved 80% of the remaining goods on 31st March.
e) On 23rd March goods of the sales value₹2,00,000 were sent on consignment basis. 80% of these goods had been sold till 31st March
f) On 23rd March goods costing₹2,00,000 were received for sale on consignment basis, 80% of these goods has been sold till 31st
March. Notes: i) Goods are sold by the trader at a profit of 25% on Cost. The sales referred to in (d), (e) and (f) are not included in (b) above
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