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Sale on approval or return
Accountancy
What is the answer for attached question and why?
Answers (3)
Best Answer
C) 6000. I think we can also write a note stating it is assumed that for all the goods other than those which are said to be accepted/awaiting approval, the period for approval is over and thus considered as accepted. Hence Out of 60000, 16000 is rejected, 32000 accepted and 12000(costing 6000) is with customer as inventory.
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