You are required to compute the value of stock to be taken to the Balance Sheet of RBS Ltd as on Mar…

The stock was physically verified on Mar 21, 2009 and was valued at Rs 5,00,000. Goods are sold by the trader at a profit of 25% on COST. After stock taking, the following transactions took place till Mar 31, 2009.

Sales of Rs 5,54,000 include Sales of Rs 27,000 @ 20% more than normal selling price. Sales of Rs 27,000 @ 10% less than normal selling price.

You are required to compute the value of stock to be taken to the Balance Sheet of RBS Ltd as on Mar 31, 2009.

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