Opening stock Rs. 25000, Purchases Rs. 125000, Sales Rs. 150000, Goods salvaged Rrs. 10000 and Gross Profit is 50% on cost, then the cost of the goods burnt by fire is -

Related MCQs

• Stock of goods destroyed by Fire Rs. 10000 Stock of goods salvaged Rs. 2000, Value of insurance policy Rs. 9000. There is an average clause in the policy, Then the Amount of claim is -
• According to hire purchase agreement Rs. 25000 is the down payment and Rs. 90000 is the total amount of three equal instalments inclusive of interest Rs. 15000. How much would be the cash price of the asset ?
• In case of Hire purchases, the depreciation is calculated on -
• If indemnity period is six months, Standard turnover Rs. 30000, Annual trunover Rs. 75000, Turnover during indemnity period Rs. 12000, then short sales will amount to -
• Why opening statement of affairs is prepared?
• Fire insurance Provides cover for -
• Consequential loss policy for fire insurance gives insurance againest -
• In case of purchase and sales of securities ex- interest -
• The main difference between sale under Hire purchase agreement and sales under Installment system is regarding
• In which of the following method of sales, if the purchaser can't pay the amount of instalment, the vendor can get the assets as return back ?