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Determine the value of stock as per books of BT Ltd at 31st March from the following information: a) The cost of stock as per physical verification as on 24th March amounted to Rs. 2,00,000. b) Purchases as per purchase Book after stock taking till 31st amounted to Rs. 2,00,000 and included the following: i) Rs. 10,000 for goods received till 23rd March ii) Rs. 20,000 for goods received on 1st April.?
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Determine the value of stock as per books of BT Ltd at 31st March from...
Calculation of Value of Stock as per Books of BT Ltd at 31st March

Given Information:
- Cost of stock as per physical verification as on 24th March = Rs. 2,00,000
- Purchases after stock taking till 31st March = Rs. 2,00,000
- Includes Rs. 10,000 for goods received till 23rd March and Rs. 20,000 for goods received on 1st April.

Step 1: Calculation of Purchases before Stock Taking
- Purchases after stock taking till 31st March = Rs. 2,00,000
- Purchases for goods received on 1st April = Rs. 20,000
- Purchases before stock taking = Rs. 2,00,000 - Rs. 20,000 = Rs. 1,80,000

Step 2: Calculation of Cost of Goods Sold
- Cost of stock as per physical verification as on 24th March = Rs. 2,00,000
- Purchases before stock taking = Rs. 1,80,000
- Total cost of goods available for sale = Rs. 3,80,000
- Cost of goods sold = Total cost of goods available for sale - Cost of stock as per physical verification as on 24th March
- Cost of goods sold = Rs. 3,80,000 - Rs. 2,00,000 = Rs. 1,80,000

Step 3: Calculation of Value of Stock as per Books on 31st March
- Value of stock as per physical verification as on 24th March = Rs. 2,00,000
- Cost of goods sold = Rs. 1,80,000
- Value of stock as per books on 31st March = Value of stock as per physical verification as on 24th March + Purchases after stock taking till 31st March - Cost of goods sold
- Value of stock as per books on 31st March = Rs. 2,00,000 + Rs. 2,00,000 - Rs. 1,80,000 = Rs. 2,20,000

Explanation:
The value of stock as per books of BT Ltd at 31st March is calculated by adding the cost of stock as per physical verification as on 24th March with the purchases made after stock taking till 31st March and then subtracting the cost of goods sold. The purchases before stock taking are calculated by subtracting the purchases made for goods received on 1st April from the total purchases after stock taking till 31st March. The cost of goods sold is calculated by subtracting the cost of stock as per physical verification as on 24th March from the total cost of goods available for sale. Finally, the value of stock as per books on 31st March is calculated by adding the value of stock as per physical verification as on 24th March with the purchases made after stock taking till 31st March and then subtracting the cost of goods sold.
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Determine the value of stock as per books of BT Ltd at 31st March from the following information: a) The cost of stock as per physical verification as on 24th March amounted to Rs. 2,00,000. b) Purchases as per purchase Book after stock taking till 31st amounted to Rs. 2,00,000 and included the following: i) Rs. 10,000 for goods received till 23rd March ii) Rs. 20,000 for goods received on 1st April.?
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Determine the value of stock as per books of BT Ltd at 31st March from the following information: a) The cost of stock as per physical verification as on 24th March amounted to Rs. 2,00,000. b) Purchases as per purchase Book after stock taking till 31st amounted to Rs. 2,00,000 and included the following: i) Rs. 10,000 for goods received till 23rd March ii) Rs. 20,000 for goods received on 1st April.? 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 Determine the value of stock as per books of BT Ltd at 31st March from the following information: a) The cost of stock as per physical verification as on 24th March amounted to Rs. 2,00,000. b) Purchases as per purchase Book after stock taking till 31st amounted to Rs. 2,00,000 and included the following: i) Rs. 10,000 for goods received till 23rd March ii) Rs. 20,000 for goods received on 1st April.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Determine the value of stock as per books of BT Ltd at 31st March from the following information: a) The cost of stock as per physical verification as on 24th March amounted to Rs. 2,00,000. b) Purchases as per purchase Book after stock taking till 31st amounted to Rs. 2,00,000 and included the following: i) Rs. 10,000 for goods received till 23rd March ii) Rs. 20,000 for goods received on 1st April.?.
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