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godown. On 1 2 t h June 1 9 9 6 there an insurance policy for Rs . 4 , 5 0 , 0 0
godown. On June there an insurance policy for Rs in respect of goods stored in
Rs Find out the amount of was a loss of goods due to fire. Gpods salvaged were valued at
information also.
for of goods taking into account the following additional
the company values its sto selling goods at a price to give profit margin of of the cost.
the closing stock was value at cost price or market price whichever is lower. On March
valued at Rs
s
During the same period
sale of of damaged goods of Book made sales amounting to Rswhich included the
Ans Net Claim Rs Closing Stock Rs
Q While preparing the accounts for
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