S. No. | items | (Rs.) in lakhs |
(i) | Total Sales | 8,000 |
(ii) | Closing Stock | 1,400 |
(iii) | Opening Stock | 1,000 |
(iv) | Indirect Taxes | 400 |
(v) | Subsidies | 300 |
(vi) | Depreciation | 600 |
(vii) | Purchase of Raw Material from Other Firms | 2,000 |
Answer:
Gross Value Added at Market Price\[(GV{{A}_{MP}})\] =Value of Output [Sales + Change in Stock (Closing Stock- Opening Stock)] ? lntermediate Consumption \[=8,000+(1,400\text{ }-1,000)-2,000\] \[=8,400-2,000=Rs.\,\,6,400\,\,lakh\] Net Value Added at Factor Cost\[(NV{{A}_{FC}})\] =\[GV{{A}_{MP}}-\]Depreciation - Net Indirect Tax (Indirect Tax - Subsidies) \[=\text{ }6,400-600-(400-300)\] \[=6,400-700=Rs.\,\,5,700\,\,lakh\]
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