Shweta Traders sells some kitchen ware on hire purchase at cost plus 50%. Find out the profit for the year ending Mar 31, 2009 from the following particulars:
|
Apr 1, 2008 |
Mar 31, 2009 |
|
|
Rs |
Rs |
|
|
Stock with hire purchase customers at selling price |
13,500 |
|
|
Stock at shop at cost |
27,000 |
|
|
Installments Due |
7,500 |
|
|
Cash received from customers |
90,000 |
|
|
Goods repossessed (installments due Rs 3,000) value at |
750 |
|
|
Installments due, customers still paying |
13,500 |
|
|
Stock at shop at cost (excluding repossessed goods) |
30,000 |
|
|
Goods purchased during the year |
90,000 |