|
Rs |
|
|
Opening Stock at H.O. |
18,000 |
|
Purchases by H.O. |
2,00,000 |
|
Goods sent to Branch |
1,32,000 |
|
Sales at H.O. |
1,32,000 |
Compute the value of closing stock at H.O. in each of the following alternative cases:
|
Case (1) |
If H.O. invoices goods to its branch at 20% less than the list price which is cost plus 100% |
|
Case (2) |
If the H.O. invoices goods to its branch at cost plus 25%. Goods are sold to customers at cost plus 100%. |
|
Case (3) |
If H.O. sells goods at cost plus 20%. Goods are sold to customers at the list price which is wholesale price plus 10%. |