Goods Of Rs.800 (sales price) sent on sale on approval basis were included In the sales book. The profit included in the sales was 25% on cost. Inventory with the party will increase our closing inventory by _______.
A. Rs. 600
B. Rs. 640
C. Rs. 680
D. Rs. 700
Answer:B
Goods Of Rs.800 (sales price) sent on sale on approval basis were included In the sales book. The profit included in the sales was 25% on cost. Inventory with the party will increase our closing inventory by _______.
A. Rs. 600 B. Rs. 640 C. Rs. 680 D. Rs. 700