Goods are sent to branch at cost plus 20%. If closing stock of the bra – McqOptions

MCQOPTIONS

1.	Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.
A.	rs 10000
B.	rs 12000
C.	rs 6000
D.	rs 12600
Answer» B. rs 12000

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