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At the time of valuing inventory as on 31st March, 2019, a sum of ` 17,500 was written off on a particular item, which was originally purchased for ` 50,000 and was sold during the year for ` 45,000. Barring the transaction relating to this item, the gross profit earned during the year was 20 percent on sales. SOLUTION Statement of Inventory in trade as on 31st March, 2020 `? 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 At the time of valuing inventory as on 31st March, 2019, a sum of ` 17,500 was written off on a particular item, which was originally purchased for ` 50,000 and was sold during the year for ` 45,000. Barring the transaction relating to this item, the gross profit earned during the year was 20 percent on sales. SOLUTION Statement of Inventory in trade as on 31st March, 2020 `? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At the time of valuing inventory as on 31st March, 2019, a sum of ` 17,500 was written off on a particular item, which was originally purchased for ` 50,000 and was sold during the year for ` 45,000. Barring the transaction relating to this item, the gross profit earned during the year was 20 percent on sales. SOLUTION Statement of Inventory in trade as on 31st March, 2020 `?.

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