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E Ltd, a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-2010.
The value of inventory included in the balance sheet of the company as on March 31, 2010 was:
  • a)
    Rs.7,62,500
  • b)
    Rs.7,70,000
  • c)
    Rs.5,90,000
  • d)
    Rs.8,70,000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
E Ltd, a dealer in second-hand cars has the following five vehicles of...
Inventory is recorded in the value which is less , 90,000+1,15,000+265000+120000=590000

so, answer is C 590000
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Community Answer
E Ltd, a dealer in second-hand cars has the following five vehicles of...
Record the goods on price whichever is less.
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E Ltd, a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-2010.The value of inventory included in the balance sheet of the company as on March 31, 2010 was:a)Rs.7,62,500b)Rs.7,70,000c)Rs.5,90,000d)Rs.8,70,000Correct answer is option 'C'. Can you explain this answer?
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E Ltd, a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-2010.The value of inventory included in the balance sheet of the company as on March 31, 2010 was:a)Rs.7,62,500b)Rs.7,70,000c)Rs.5,90,000d)Rs.8,70,000Correct 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 E Ltd, a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-2010.The value of inventory included in the balance sheet of the company as on March 31, 2010 was:a)Rs.7,62,500b)Rs.7,70,000c)Rs.5,90,000d)Rs.8,70,000Correct 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 E Ltd, a dealer in second-hand cars has the following five vehicles of different models and makes in their inventory at the end of the financial year 2009-2010.The value of inventory included in the balance sheet of the company as on March 31, 2010 was:a)Rs.7,62,500b)Rs.7,70,000c)Rs.5,90,000d)Rs.8,70,000Correct answer is option 'C'. Can you explain this answer?.
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