A fire occurred in the premises of -˜M-™ Ltd. on 30th September - 2007. The stock was destroyed except to the extent of Rs. 10 - 000. From the information given below - calculate the value of stock burnt by fire on 30th September - 2007. Stock on 1st April 2006 - Rs. 90 - 000 - Purchases less returns during 2006-07-”10 - 00 - 000 - Sales less returns during 2006-07 - 15 - 00 - 000; Stock on 31st March - 2007-”1 - 80 - 000 - Purchases less returns from 1st April 2007 to 30th September 2007 - 7 - 00 - 000. Sales less returns from 1st April - 2007 to 30th September 2007 - 10 - 00 - 000. It was the practice of the company to value stock less 10%-”

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A fire occurred in the premises of -˜M-™ Ltd. on 30th September - 2007. The stock was destroyed except to the extent of Rs. 10 - 000. From the information given below - calculate the value of stock burnt by fire on 30th September - 2007. Stock on 1st April 2006 - Rs. 90 - 000 - Purchases less returns during 2006-07-”10 - 00 - 000 - Sales less returns during 2006-07 - 15 - 00 - 000; Stock on 31st March - 2007-”1 - 80 - 000 - Purchases less returns from 1st April 2007 to 30th September 2007 - 7 - 00 - 000. Sales less returns from 1st April - 2007 to 30th September 2007 - 10 - 00 - 000. It was the practice of the company to value stock less 10%-”






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