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What would be the amount of stock on approval? A merchant sends out his goods casually to his dealers on an approval basis. All such transactions are, however, recorded as actual sales and are passed through the sales book. On 31-12-2005, it was found that 100 articles at a sale price of 200 each sent on approval basis were recorded as actual sales at that price. The sale price was made at cost plus 25%.



A. Rs.16,000
B. Rs. 20,000
C. Rs. 15,000
D. None of the above.

This question is part of Sale of Goods On Approval or Return Basis
Asked by Jot, Last updated: Jan 17, 2020

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2 Answers

abednegopascal

Abednegopascal

Answered Apr 22, 2017

15000 is answer for the question because 20000-5000=15000
 

John Smith

John Smith

Answered Nov 23, 2016

Rs.16,000
 

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