Particulars | Opening Inventory (Rs.) | Closing Inventory (Rs.) |
Finished Good | 5,00,000 | 4,00,000 |
Work-in-progress | 9,00,000 | 10,00,000 |
Stock-in-trade | 15,00,000 | 14,00,000 |
Answer:
Notes to Accounts
Rs. 1,00,000 will be shown in the statement of profit and loss against change in inventories of finished goods, work-in-progress and stock-in-trade. Particulars Year ended 31st March, 2017 Amt (Rs.) Change in Inventories of Finished Goods, Work-in-progress and Stock-in-trade (a) Finished Goods Opening Inventory 5,00,000 (-) Closing Inventory (4,00,000) Sub-total 1,00,000 (b) Work-in-progress Opening Inventory 9,00,000 (-) Closing Inventory (10,00,000) Sub-total (1,00,000) (c) Stock-in-trade Opening Inventory 15,00,000 (-) Closing Inventory (14,00,000) Sub-total 1,00,000 Total (a + b + c) 1,00,000
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