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The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 to Apl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-
i) The damaged goods are sold for Rs.15,000,Sold at 25% below cost.
ii) The remaining goods are sold at cost plus25%.The value of stock as on 31st March is(Damaged goods valued at NRV) ______
  • a)
    Rs.2,00,000
  • b)
    Rs.1,95,000
  • c)
    Rs.2,05,000
  • d)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The value of inventory as on Apr.04 is Rs.1,60,000. The following tran...
Given:
Inventory value as on Apr.04 = Rs.1,60,000
Value of stock sold = Rs.40,000

Transaction details:
Damaged goods sold for Rs.15,000 at 25% below cost
Remaining goods sold at cost plus 25%

To find:
Value of stock as on 31st March (damaged goods valued at NRV)

Solution:
1. Value of damaged goods:
- Selling price = Rs.15,000
- Sold at 25% below cost, so cost = selling price / (1 - 25%) = Rs.20,000
- Therefore, loss on damaged goods = cost - selling price = Rs.5,000

2. Value of remaining goods:
- Selling price = cost + 25% of cost = 1.25 * cost
- Total selling price of remaining goods = Rs.40,000 - Rs.15,000 = Rs.25,000
- Therefore, total cost of remaining goods = Rs.25,000 / 1.25 = Rs.20,000

3. Value of stock as on 31st March:
- Value of inventory as on Apr.04 = Rs.1,60,000
- Value of stock sold = Rs.40,000
- Value of damaged goods sold at NRV = Rs.20,000 (cost of Rs.20,000 - loss of Rs.5,000)
- Value of remaining goods sold at cost plus 25% = Rs.20,000 * 1.25 = Rs.25,000
- Therefore, value of stock as on 31st March =
Rs.1,60,000 + Rs.20,000 + Rs.25,000 - Rs.40,000 = Rs.1,95,000

Therefore, the correct answer is option B) Rs.1,95,000.
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The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 to Apl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-i) The damaged goods are sold for Rs.15,000,Sold at 25% below cost.ii) The remaining goods are sold at cost plus25%.The value of stock as on 31st March is(Damaged goods valued at NRV) ______a)Rs.2,00,000b)Rs.1,95,000c)Rs.2,05,000d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 to Apl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-i) The damaged goods are sold for Rs.15,000,Sold at 25% below cost.ii) The remaining goods are sold at cost plus25%.The value of stock as on 31st March is(Damaged goods valued at NRV) ______a)Rs.2,00,000b)Rs.1,95,000c)Rs.2,05,000d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 to Apl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-i) The damaged goods are sold for Rs.15,000,Sold at 25% below cost.ii) The remaining goods are sold at cost plus25%.The value of stock as on 31st March is(Damaged goods valued at NRV) ______a)Rs.2,00,000b)Rs.1,95,000c)Rs.2,05,000d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The value of inventory as on Apr.04 is Rs.1,60,000. The following transactions takes place during Apl.01 to Apl.04. The value of stock sold is Rs.40,000. The mode of sale is as follows:-i) The damaged goods are sold for Rs.15,000,Sold at 25% below cost.ii) The remaining goods are sold at cost plus25%.The value of stock as on 31st March is(Damaged goods valued at NRV) ______a)Rs.2,00,000b)Rs.1,95,000c)Rs.2,05,000d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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