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Question
From the following information, calculate Change in Inventory of Finished Goods: Opening Inventory and Closing Inventory of Finished Goods ₹2,50,000 and ₹2,00,000 respectively.
Ledger
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Solution
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount (Rs) |
|
|
(a) |
Finished Goods |
|
|
|
|
Opening Inventory |
2,50,000 |
|
|
|
Less: Closing Inventory |
2,00,000 |
50,000 |
|
|
|
50,000 |
|
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