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Question 39 Chapter 1 VK Publications Class 12 Part 2 – 2021

Question 39 - CH-1 Solution
Question 39 - CH-1 Solution

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Question 39 Chapter 1 VK Publications Class 12 Part 2 – 2021

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39. Calculate cost of materials consumed from the following information:
Opening Inventory of materials Rs. 1,87,500
Materials purchased Rs. 15,00,000
Closing inventory of materials Rs. 2,25,000

The solution of Question 39 Chapter 1 VK Publications Class 12 Part 2: –

Cost of material consumed =Opening inventory of material + Materials purchased -Closing inventory of materials
 = 1,87,500 +15,00,000-2,25,000
 = 14,62,500

 

Financial Statements of a Company and Its formats

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

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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

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