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X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. 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 X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. 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 X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. Can you explain this answer?.

Solutions for X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. 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 X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. Can you explain this answer?, a detailed solution for X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.Q.How would you adjust the observation # 4?a)100 (Add)b)150 (Less)c)100 (Less)d)150 (Add)Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.