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Question 37 Chapter 1 of +2-B - T.S. Grewal 12 Class

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Question 37 Chapter 1 of +2-B

Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade

37. From the following information, calculate Change in Inventory of Work-in-Progress: Opening and Closing Work-in-Progress Rs.1,00,000 and Rs. 1,15,000 Respectively.

The solution of Question 37 Chapter 1 of +2-B: -

Particulars	Details	Amount
Opening Work-in-Progress	1,00,000
Less: Closing Work-in-Progress	1,15,000
Change In Inventory of Finished Goods*		(15,000)

*Change in finished goods=Opening Inventory of material-Closing Inventory of Materials

To understand more about Balance Sheet please check out following links:

https://tutorstips.com/balance-sheet/

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Chapter No. 1 - Financial Statements of a Company
Chapter No. 2 - Financial Statement Analysis
Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
Chapter No. 4 - Accounting Ratios
Chapter No. 5 - Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B — T.S. Grewal's Analysis of Financial Statements

Question 37 Chapter 1 of +2-B - T.S. Grewal 12 Class

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The solution of Question 37 Chapter 1 of +2-B: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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