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Question
From the following information, calculate Change in Inventory of Finished Goods: Opening Inventory and Closing Inventory of Finished Goods ₹2,00,000 and ₹1,75,000 respectively.
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Solution
NOTES TO ACCOUNTS
Note No.
Particulars
Amount
(Rs)
(a)
Finished Goods
Opening Inventory
2,00,000
Less: Closing Inventory
1,75,000
25,000
25,000
Rs 25,000 will be shown in the Statement of Profit and Loss against Change in Inventories of Finished Goods.
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount (Rs) |
|
|
(a) |
Finished Goods |
|
|
|
|
Opening Inventory |
2,00,000 |
|
|
|
Less: Closing Inventory |
1,75,000 |
25,000 |
|
|
|
25,000 |
|
|
|
|
|
|
Rs 25,000 will be shown in the Statement of Profit and Loss against Change in Inventories of Finished Goods.
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