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Kindly explain 75000 sales adjustment what to do ??

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Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

06-Sep-22 19:18

362

Answers (2)

It means that the sales made for rs.75000 has not been dispatched i.e it is still in the godown. So find the cost price of the same and include in stock in godown as on the date of fire.


Remove from sales so that it is a part of stock. Same as illustration 3 in Study material.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

06-Sep-22 20:02

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