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From the Following Information, Calculate Change in Inventory of Work-in-progress: - Accountancy

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प्रश्न

From the following information, calculate Change in Inventory of Work-in-Progress:

Opening and Closing Work-in-Progress ₹1,50,000 and ₹1,45,000 respectively.

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उत्तर

NOTES TO ACCOUNTS 

Note No.

Particulars

Amount

(Rs)

(a)

Work-in-Progress

 

 

Opening Inventory

1,50,000

 

5,000

 

  Less: Closing Inventory

1,45,000

 

 

5,000

Rs 5,000 will be shown in the Statement of Profit and Loss against Change in Inventories of Work-in-Progress.

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अध्याय 1: Financial Statements of a Company - Exercises [पृष्ठ ७०]

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टीएस ग्रेवाल Accountancy - Analysis of Financial Statements [English] Class 12
अध्याय 1 Financial Statements of a Company
Exercises | Q 38 | पृष्ठ ७०

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