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Accountancy

Goods of the selling price rs 3300 are stolen. It is our practice to charge 10% on cost price.

Shruti ghosalkar

CA Foundation

★ 0

12-Aug-22 23:46

436

Answers (3)

Goods lost by theft A/c Dr. 3000 To Purchases A/c (3,300 - 3300*1/11) 300 Note : Profit 1/10 th on cost is equal to 1/11th on selling price

Vijay Kumar Velagapudi

CA Foundation

★ 175

13-Aug-22 05:37

Cost + Profit = Selling Price Ex:- cost = 100 + Profit = 25 Selling Price = 125 Profit on cost = 25/100 or 1/4 Profit on sale = 25/125 or 1/5

Vijay Kumar Velagapudi

CA Foundation

★ 175

13-Aug-22 05:52

Goods lost by theft A/c Dr. 3000 To Purchases A/c 3000 3,300*100/110

Divy Degda

CA Final

★ 2K+

13-Aug-22 11:10

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