A trading organization supplied the following information: Opening stock of raw material and finished goods Rs. 10,000 and Rs. 20,000 respectively.…
BBS Taxation in Nepal · 2080 · Solved Question with Answer
A trading organization supplied the following information:
Opening stock of raw material and finished goods Rs. 10,000 and Rs. 20,000 respectively.
Import during the year Rs. 500,000, Custom duty Rs. 100,000 and administrative expenses Rs. 25,000.
Value of closing stock Rs. 20,000 but the market value Rs. 15,000.
Required: Cost of trading goods.