Question
A retailer begins the month with 200 units valued at ₹50 per unit. During the month, they purchase 300 units at ₹55 and later 500 units at ₹60. By month-end, they have sold 700 units. Calculate the ending inventory value by weighted average method and FIFO method.
More Accounts Questions
- In the case of Maruti-Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in the course of time. This...
- Net profit before tax = Rs. 8,00,000. Depreciation = Rs. 1,50,000. Increase in debtors = Rs. 80,000. Increase in creditors = Rs. 60,000. Income tax paid = ...
- An auditor of a listed company shall not be appointed, if it is an individual as auditor, for?
- Under section 194D of the Income Tax Act, 1961, what is the rate of Tax Deducted at Source (TDS) on insurance commission, if the payee is a domestic compan...
- windows key + up ____________.
- If total Sales are ₹5,00,000 and Gross Profit is 20% on Sales, what is the Cost of Goods Sold (COGS)?
- The due date for filing TDS return for the quarter ending 30th June is:
- Concurrent audit is a part of:
- A firm has Debt of ₹40L at 10% interest and Equity of ₹60L at 15% cost. The tax rate is 30%. Calculate WACC.
- An asset costing ₹12 lakh, useful life 10 years, residual value ₹2 lakh. Calculate annual depreciation using straight-line method (SLM).
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)