CA Foundation Exam  >  CA Foundation Questions  >  C Ltd. recorded the following information as ... Start Learning for Free
C Ltd. recorded the following information as on March 31, 2010:
It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.
 
Q. The company sells goods at cost plus %. The value of closing inventory, after taking
into account the above transactions is,
  • a)
    Rs. 10,000
  • b)
    Rs. 30,000
  • c)
    Rs. 1,00,000
  • d)
    Rs. 60,000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
C Ltd. recorded the following information as on March 31, 2010:It is n...
D option
Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer?
Question Description
C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? 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 C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice C Ltd. recorded the following information as on March 31, 2010:It is noticed that goods worth Rs. 30,000 were destroyed due to fire. Against this, the insurance company accepted a claim of Rs. 20,000.Q.The company sells goods at cost plus %. The value of closing inventory, after takinginto account the above transactions is,a)Rs. 10,000b)Rs. 30,000c)Rs. 1,00,000d)Rs. 60,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev