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Question 34 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 34 Chapter 1 of +2-B
Question No. 34 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 34 Chapter 1 of +2-B

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Cost of Material Consumed

34. Calculate Cost of Materials Consumed from the following:
Opening Inventory of : materials Rs. 3,50,000; Finished Goods Rs. 75,000;Stock-in-Trade Rs. 2,00,000 Closing Inventory of: Materials Rs. 3,25,000; Finished Goods Rs. 85,000; Stock-in- Trade Rs. 1,50,000 Purchases during the Year: Raw material Rs. 17,50,000; Stock-in-Trade Rs. 9,00,000

The solution of Question 34 Chapter 1 of +2-B: – 

Particulars

Details

Amount
Opening Inventory of material3,50,000 
Add: Purchase of Material17,50,000 
 21,00,000 
Less: Closing Inventory of Materials3,25,000 
Cost of Materials Consumed* 17,75,000

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

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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)

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)

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

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