Question 40 Chapter 1 VK Publications Class 12 Part 2 – 2021
Table of Contents
40 Calculate Cost of Material Consumed from the following information:
| Rs. | ||
| Opening Inventory : | Material | 68,750 |
| Finished Goods | 31,250 | |
| Material purchased | 2,81,250 | |
| Closing Inventory : | Material | 56,250 |
| Finished Goods | 18,750 |
The solution of Question 40 Chapter 1 VK Publications Class 12 Part 2: –
| Cost of material consumed = | Opening inventory of material + Purcharse of Material -Closing inventory of materials |
| = 68,750 + 2,81,250 – 56,250 | |
| = 2,93,750. |
Note: Opening inventory of finished goods Rs. 31,250 and Closing Inventory of finished goods Rs.18,750 will be considered while calculating Inventories (changes in Inventories of finished goods).
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)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication