Question

Cost of Physical Stock Rs.2,30,000
Goods purchases for Rs.10,000 received but omitted to be recorded
Goods costing Rs.20,000 were sold & delivered but omitted to be recorded
Goods costing Rs.5,000 were returned by customers but omitted to be recorded.
Goods costing Rs.3,000 were returned to suppliers but omitted to be recorded.
The cost of stock as per books is ____________.

• A. Rs.2,40,000
• B. Rs.2,38,000
• C. Rs.2,36,000
• D. None of these

Answer 1

The correct option is B Rs.2,38,000

Cost of physical stock 2,30,000

Less:- purchases recorded but omitted to be recorded (10,000)

Add;- Goods sold, not recorded 20,000

Less:- Goods returned by customers (5,000)

Add:- Goods returned to suppliers 3,000

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Cost of stock as per books 2,38,000