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Question 40 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 40 Chapter 1 of +2-B
Question No. 40 - Chapter No.1 - T.S. Grewal +2 Book Part B-min

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Question 40 Chapter 1 of +2-B

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

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

The solution of Question 40 Chapter 1 of +2-B: – 

Particulars

Details

Amount
Opening Stock-in-Trade5,00,000 
Less: Closing Stock-in-Trade4,00,000 
Change In Inventory of Stock-in-Trade* 1,00,000

*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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