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.

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

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. 10,000
B.	Rs. 12,000
C.	Rs. 6,000
D.	Rs. 12,600
Answer» B. Rs. 12,000