Q/- Chetan Ltd recorded the following information as on 31st ,2004
Itis noticed that goods worth Rs30,000 were destroyed due to fire against this, insurance company accepted the claim of Rs14,000.
The company sells good at cost 33%.The value of closing inventory,after taking into account the above transation is
(A)75,000 (B)15000 (C)25000 (D)NIL
PLEASE SOLVE ABOVE QUESTION STEP BY STEP ,LET ME KNOW HOW TO SOLVE IT