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Q. |
A trader has credited certain items of sales on approval aggregating ` 60,000 to Sales Account. Of these, goods of the value of `16,000 have been returned and taken into stock at cost ` 8,000 though the record of return was omitted in the accounts. In respect of another parcel of ` 12,000 (cost being `6,000) the period of approval did not expire on the closing date. Cost of goods lying with customers should be |
A. | 12,000. |
B. | 54,000. |
C. | 6,000. |
D. | None of the above. |
Answer» C. 6,000. |
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