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Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500?
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Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given...
Answer:

Calculation of Purchase Price:

Purchase price after trade discount = Rs. 20,000 - Rs. 1,000 = Rs. 19,000

Calculation of Amount Paid:

Amount paid after cash discount = Rs. 19,000 - Rs. 500 = Rs. 18,500

Value of Unsold Goods:

Since the goods remain unsold at the end of the year, the value of such goods would be the purchase price, i.e. Rs. 19,000.

Therefore, the correct answer is (c) Rs. 19,000.
Community Answer
Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given...
D) RS 18,500
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Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500?
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Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500?.
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Here you can find the meaning of Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500? defined & explained in the simplest way possible. Besides giving the explanation of Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500?, a detailed solution for Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500? has been provided alongside types of Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500? theory, EduRev gives you an ample number of questions to practice Purchased goods on 90 days credit from Y worth Rs. 20,000. Y has given a trade discount of Rs. 1,000 on the same. Since Y also offered a cash discount of Rs. 500, if payment is made within 30 days, X avails the cash discount and paid the dues to Y. At the end of the year the goods purchases from Y remain unsold and included in the stock. The value of such goods would be: (a) Rs. 20,000 (b) Rs. 19,500 (c) Rs. 19,000 (d) Rs. 18,500? tests, examples and also practice CA Foundation tests.
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