A dealer sends his goods on sale or return basis He sends goods for Rs.10,000 and records as normal sale. The profit on sale is 20%. The value of physical inventory taken is Rs.50,000. Then the value of closing inventory appearing in the balance sheet will be:

A dealer sends his goods on sale or return basis He sends goods for Rs

1.	A dealer sends his goods on sale or return basis He sends goods for Rs.10,000 and records as normal sale. The profit on sale is 20%. The value of physical inventory taken is Rs.50,000. Then the value of closing inventory appearing in the balance sheet will be:
A.	Rs. 50,000
B.	Rs. 60,000
C.	Rs. 57,500
D.	Rs. 58,000
Answer» E.