On 15 December 2024, a fire occurred in the godown of M Ltd., and the entire stock was destroyed. The value of the stock salvaged was ₹3,00,000. The…
On 15 December 2024, a fire occurred in the godown of M Ltd., and the entire stock was destroyed. The value of the stock salvaged was ₹3,00,000. The following transactions took place between 1 October 2024 and 15 December 2024 (Purchases, Sales, Wages, Opening Stock, Gross Profit).
[The figures of this table are not reproduced in the source paper.]
The value of stock lost by fire was ____.
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Correct answer: (B) ₹6,30,000
Explanation
Note: the figures of the table (Purchases, Sales, Wages, Opening Stock, Gross Profit) are missing in the source paper. The official answer key marks ₹6,30,000.