The Zed Company, a whole seller estimates the following sales for the indicated months:Selling price is 125% of the purchase price.Stock purchased in July, 2006 is:a)Rs. 16,05,000b)Rs. 14,74,400c)Rs. 14,40,000d)Rs. 13,82,500Correct answer is option 'B'. Can you explain this answer?

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The Zed Company, a whole seller estimates the following sales for the indicated months:

Selling price is 125% of the purchase price.

Stock purchased in July, 2006 is:

a)
Rs. 16,05,000
b)
Rs. 14,74,400
c)
Rs. 14,40,000
d)
Rs. 13,82,500

Correct answer is option 'B'. Can you explain this answer?

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Test: Final Accounts Of Manufacturing Entities - 1

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The Zed Company, a whole seller estimates the following sales for the ...

selling price = 125% of purchase price .............. 1810000 = 125/100*x (let x be the purchase price )..................1810000 = 5x/4..............1810000*4 = 5x...............7240000 = 5x.............x = 1448000......................:-total stock purchased in july, 2006 = purchase price + differences b/w opening and closing balance................=1448000+(460800-434400)..........=1448000+26400...........=1474400 ans

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The Zed Company, a whole seller estimates the following sales for the ...

Given Data for July 2006:

Opening Stock: Rs. 4,34,400
Closing Stock: Rs. 4,60,800 (assuming closing stock for July is the opening stock for August)
Total Sales: Rs. 18,10,000
Selling price is 125% of the purchase price.

Calculations:

Determine the Purchase Price of Goods Sold from the Selling Price: Purchase Price = Total Sales/1.25
Use the Inventory Formula: Cost of Goods Sold = Opening Stock + Purchases − Closing Stock
Let P represent the purchases during July.
14,48,000 = 4,34,400 + P − 4,60,800
P = 14,48,000 + 4,60,800 − 4,34,400 = Rs.14,74,400

The stock purchased during July 2006 is Rs. 14,74,400, which corresponds to Option B: Rs. 14,74,400.

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The Zed Company, a whole seller estimates the following sales for the indicated months:Selling price is 125% of the purchase price.Stock purchased in July, 2006 is:a)Rs. 16,05,000b)Rs. 14,74,400c)Rs. 14,40,000d)Rs. 13,82,500Correct answer is option 'B'. Can you explain this answer?

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The Zed Company, a whole seller estimates the following sales for the indicated months:Selling price is 125% of the purchase price.Stock purchased in July, 2006 is:a)Rs. 16,05,000b)Rs. 14,74,400c)Rs. 14,40,000d)Rs. 13,82,500Correct answer is option 'B'. 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 The Zed Company, a whole seller estimates the following sales for the indicated months:Selling price is 125% of the purchase price.Stock purchased in July, 2006 is:a)Rs. 16,05,000b)Rs. 14,74,400c)Rs. 14,40,000d)Rs. 13,82,500Correct answer is option 'B'. 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 The Zed Company, a whole seller estimates the following sales for the indicated months:Selling price is 125% of the purchase price.Stock purchased in July, 2006 is:a)Rs. 16,05,000b)Rs. 14,74,400c)Rs. 14,40,000d)Rs. 13,82,500Correct answer is option 'B'. Can you explain this answer?.

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