12th Class Accountancy Financial Statement Of Company Question Bank MCQs - Financial Statements of a Company

  • question_answer
    Compute cost of material consumed from following:
    Opening inventory = Rs.   5,00,000
    Materials purchased = Rs. 40,00,000
    Closing inventory = Rs.   6,00,000

    A) Rs. 40,00,000

    B) Rs. 39,00,000

    C) Rs. 38,00,000

    D) Rs. 41,00,000

    Correct Answer: B

    Solution :

    [b] Hint: Cost of Material Consumed
    Opening Inventory = 5,00,000
    (+) Purchase = 40,00,000
    45,00,000
    (-) Closing Inventory = (6,00,000)
    Rs. 39,00,000


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