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प्रश्न
Following are the particulars of Richmond Ltd.
| Particulars | 31.03.2024 (₹) | 31.03.2023 (₹) |
| Revenue from Operations | 5,00,000 | 4,00,000 |
| Purchases of stock-in-trade | 3,00,000 | 3,36,000 |
| Opening inventory of stock-in-trade | 1,40,000 | 1,00,000 |
| Adjusted purchases of stock-in-trade | 4,10,000 | 3,20,333 |
You are required to calculate the absolute change and percentage change of the following items at the end of the year 2023-24 vis-a-vis the closing amounts of the year 2022-23:
- Revenue from operations
- Purchases of stock in trade
- Closing inventory of stock-in-trade
संख्यात्मक
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उत्तर
| Items | Absolute Change (in ₹) | Percentage Change (%) |
| (i) Revenue from Operations | 1,00,000 | 25 |
| (ii) Purchase of Stock in Trade | (60,000) | (16.67) |
| (iii) Closing Inventory of Stock in Trade | (1,10,000) | (78.57) |
Working Note:
Closing Inventory of Stock in Trade = Opening Inventory + Purchase of Stock in Trade – COGS (Adjusted Purchase)
Closing Inventory for 2023-24
= 1,40,000 + 3,00,000 – 4,10,000
= ₹ 30,000
Closing Inventory for 2022-23
= 1,00,000 + 3,60,000 – 3,20,000
= ₹ 1,40,000
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