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

Question 37 Chapter 1 of +2-B
Question No. 37 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 37 Chapter 1 of +2-B

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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-Progress1,00,000 
Less: Closing Work-in-Progress1,15,000 
Change In Inventory of Finished Goods* (15,000)

*Change in finished goods=Opening Inventory 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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