Question

From the following information, calculate Change in Inventory of Finished Goods: Opening Inventory and Closing Inventory of Finished Goods ₹2,50,000 and ₹2,00,000 respectively.

Answer 1

NOTES TO ACCOUNTS

Note No.	Particulars		Amount (Rs)
(a)	Finished Goods
	Opening Inventory	2,50,000
	Less: Closing Inventory	2,00,000	50,000
			50,000

Rs 50,000 will be shown in the Statement of Profit and Loss against Change in Inventories of Finished Goods.