Question 33 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 33 Chapter 1 of +2-B

Question 33 Chapter 1 of +2-B

Cost of Material Consumed

33. Calculate Cost of Materials Consumed from the following:
Opening Inventory of; materials Rs. 2,50,000; Finished Goods Rs. 1,00,000; Closing Inventory of: Materials Rs. 2,25,000; Finished Goods Rs.75,000; Raw Material purchased during the year Rs. 15,00,000

The solution of Question 33 Chapter 1 of +2-B: – 

Particulars

Details

Amount
Opening Inventory of material 2,50,000  
Add: Purchase of Material 15,00,000  
  30,00,000  
Less: Closing Inventory of Materials 2,25,000  
Cost of Materials Consumed*   15,25,000

*Cost of Materials Consumed=Opening Inventory of material + Purchase of Material-Closing Inventory of Materials


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

Balance Sheet: Meaning, Format & Examples

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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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • 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

2 Book 3 min 225x300 - Question 33 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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