Determine the value of stock as per books of Vas Ltd on Mar 31, 2009 from the following information:
- The cost of stock as per physical verification as on Mar 20, 2009 amounted to Rs 5,00,000.
- Purchases as per Purchase Book after stock taking till Mar 31, 2009 amounted to Rs 5,00,000 and included the following:
- Rs 20,000 for goods received till Mar 19
- Rs 40,000 for goods received on Apr 1
- Sales as per Sales Book after stock taking, till Mar 31, amounted to Rs 5,00,000 and include the following:
- Rs 20,000 for goods delivered till Mar 19
- Rs 40,000 for goods delivered on Apr 1
- Goods are sold by the trader at a profit of 25% on cost.