单选题
Charles operates a retail business in London. On 30 June 2003, there was a fire in his store. His books of account and most of his stock were destroyed. The value of the undamaged stock was agreed at ＄5,000.
His Trading Account for the year ended 31 December 2002 was as follows:
＄ ＄
Sales 492,000
Opening stock 31,000
Purchases {{U}}154,000{{/U}}
185,000
Less: Closing stock {{U}}37,400{{/U}}
Gross profit {{U}}147,600{{/U}}
【正确答案】
【答案解析】Cost of sales to Sales in the year 2002 was:
＄147,600/ ＄492,000
Then the Cost of sales to Sales in the year 2003 was:
＄147,600/ [(1+20%)×＄492,000]=0.25
So cost of sales of the period from 1 January 2003 to 30 June 2003 was:
＄270,000×0.25=＄67,500
Purchases of the same period was:
＄69,000+＄31,000-＄15,000=＄85,000
So ending stock on 30 June 2003 was:
＄37,400+＄85,000-＄67,500=＄54,900
Then the cost of the stock lost by Charles on 30 June 2003:
＄54,900-＄5,000=＄49,900