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1 . A company closed its accounts on 3 1 st March each year. It could not complete the physical verification of stock on 3
A company closed its accounts on st March each year. It could not complete the physical verification of stock on st March, ; while continued upto th April. The stock as disclosed by the books was Rs The following facts came to notice during physical verification:a Goods received on consignment amounting to Rs was included in stock;b Sales from st April to th April, amounted to Rs and included the following : iGoods sent on consignment: Rs at invoice price, which is made up of cost plus iiGoods sent to branch at invoice price Rs Invoice price is calculated at a profit of th of the sale.itiOther sales are at a profit for rd of costivDamaged goods were sold for Rs at a loss of of costc Goods amounting to Rs have been received in the stores before st Marchbut passed through the books on th Aprild Invoices were issued for Rs Rs on st April, but goods had not been delivered till ch April. These sales are not included in b above.Determine the value of stock to be taken for the purpose of preparing the final accounts of the company for the year ended on st March,
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