The annual accounts of a trading company are to be made up to December 31 but it

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The annual accounts of a trading company are to be made up to December 31 but it was not possible to carry out a stock-taking until January 5 at which date the stock was valued at cost at Rs. 68,567.

The following transactions took place between 1st and 5th January:

Prepare a statement to show the valuation of stock as at 31st December.

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Aug 30, 2023 01:14 PM

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The annual accounts of a trading company are to be made up to December 31 but it

Question:

Goods received Goods returned Sales Returns by customer The rate of gross profit is 25% of cost. Rs. 4,600 200 10,500 625

Step by Step Answer:

Stock as at 5th January Add Goods returned Less Statem...View the full answer

Cost Accounting

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