alleryStart learning →Stock on 5 April is 2,40,000; April 1-5 sales 50,000 at 25% on cost, purchases 15,000. Stock on 31 March?
ARs 2,65,000
BRs 2,15,000
CRs 2,90,000
DRs 2,25,000
Answer & Solution
Correct answer: A. Rs 2,65,000
Cost of goods sold is 50,000 / 1.25 = 40,000; stock on 31 March = 2,40,000 + 40,000 - 15,000 = Rs 2,65,000.
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