When only inventories is given, is it taken as opening or closing inventory?

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Solution

Vidushi,

When only inventories is given, then we assume it as 'Average Inventories'.

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When only inventories is given, is it taken as opening or closing inventory?

Vidushi, When only inventories is given, then we assume it as 'Average Inventories'.

Vidushi,

When only inventories is given, then we assume it as 'Average Inventories'.