Inventories
This query is : Open
Rushi Prajapati
(Querist)
29 August 2017
the cost of inventory on 20 april 2016 was computed at Rs.525000.the purchase of goods from april 1 2016 to 20th 2016 were Rs.325000 ,which includes cash purchase of Rs.75000 and goods costing Rs.50000 not yet received .the value of closing stock for yera ended 31,2016?
Ashiwini Ballodia
(Expert)
29 August 2017
525000-(325000-50000) =
Ashiwini Ballodia
(Expert)
29 August 2017
525000-(325000-50000) = 250000
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