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In this question , it says goods were sold on approval basis. The WORTH is 1,98,000.. i interpreted that to be the actual worth,ie, the cost .. is this incorrect ? I’m getting same answer .

SANSKRITI BADRI 2111339

CA Final

★ 3K+

20-Apr-23 19:44

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Thread Starter

SANSKRITI BADRI 2111339

CA Final

★ 3K+

20-Apr-23 19:44

Actual worth of any stock is its cost until its sold

Abishek M

CA Final

★ 11K+

20-Apr-23 22:37

Abishek M

Actual worth of any stock is its cost until its sold

But in the answer key they’ve assumed 1.98L as sales price

Thread Starter

SANSKRITI BADRI 2111339

CA Final

★ 3K+

20-Apr-23 22:45

It is to be considered as sales.

CA Suraj Lakhotia

Admin

22-Apr-23 13:03

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