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प्रश्न
A company had following balances in their books of Accounts.
| 31 March, 2025 | 31 March, 2024 | |
| Raw Material | 40,000 | 30,000 |
| Work in Progress | 1,00,000 | 1,40,000 |
| Finished Goods | 70,000 | 1,00,000 |
| Stock in Trade | 2,00,000 | 1,20,000 |
Determine the amount of Change in Inventories to be shown in Statement of Profit and Loss Account.
विकल्प
₹ 20,000
₹ (20,000)
₹ (10,000)
₹ 10,000
MCQ
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उत्तर
₹ (10,000)
Explanation:
We consider Work-in-Progress + Finished Goods + Stock-in-Trade only.
Raw Material is NOT included in Change in Inventories.
| Closing Inventory (31 March 2025): | |
| Work-in-Progress | ₹ 1,00,000 |
| Finished Goods | ₹ 70,000 |
| Stock-in-Trade | ₹ 2,00,000 |
| Total Closing Inventory | ₹ 3,70,000 |
| Opening Inventory (31 March 2024): | |
| Work-in-Progress | ₹ 1,40,000 |
| Finished Goods | ₹ 1,00,000 |
| Stock-in-Trade | ₹ 1,20,000 |
| Total Opening Inventory | ₹ 3,60,000 |
Change in Inventories = Closing Inventory – Opening Inventory
= ₹ 3,70,000 – ₹ 3,60,000
= ₹ 10,000 (Increase)
Amount shown in Statement of Profit & Loss:
Change in Inventories = ₹ (–10,000)
Shown as negative because inventory has increased, which reduces cost
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