Question 39 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 39 Chapter 1 of +2-B

Question 39 Chapter 1 of +2-B

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

39. From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade Rs. 5,00,000 and Rs. 4,50,000 Respectively.

The solution of Question 39 Chapter 1 of +2-B: – 

Particulars

Details

Amount
Opening Stock-in-Trade 5,00,000  
Less: Closing Stock-in-Trade 4,50,000  
Change In Inventory of Stock-in-Trade*   50,000

*Change in finished goods=Opening Inventory 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)

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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2 Book 3 min 225x300 - Question 39 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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