Class/Course - CA - CPC

Subject - Fundamentals of Accounting

Chapter - Final Accounts

Attention CA - CPC standard Aspirants! Just Exam provide a platform to all students who want to make practice for various subject online. We prepare this platform on the base of CBSE. If you want to join our unlimited test series, then please write us at about your class/course

Dear User, Kindly login/register to view answer & explanation of each question.
Click here to Login/Sign Up.
Q.1 Cost of physical stock on 15.4.14 was Rs. 3, 00,000. Sales amounting Rs. 1, 00,000 and purchases worth Rs. 50,000 were held between 31.3.14 and 15.4.14. Goods are sold at a profit of 20% on sales. Value of Inventory as on 31.3.14:
  Rs. 3,50,000
  Rs. 2,70,000
  Rs. 3,00,000
  Rs. 3,30,000