Question
Calculate the closing inventory from the following
information: ·        Purchases Rs.90,000 ·        Sales Rs.125,000 ·        Opening inventory Rs.25,000 ·        Gross profit on cost = 25%Solution
Gross profit on cost of 25% = Gross profit of 20% on sales Gross profit = 125000*20% = 25000 COGS = Sales – gross profit = 125,000-25,000 = 100,000 COGS = Opening inventory + purchases – closing inventory 100000 = 25000 +90000 – closing stock Or closing inventory = 15000
Which of the following is an agronomic measure of erosion control?
Among below given statements, only one statement is correct. Select the correct statement.
Which one of the following is Indian Major Carps
Which grapefruit cultivar has originated as a pink fleshed budsport of Marsh?
Cuscuta sp. is a
What is the term used for the period when a female animal will accept service by the male?
Trichoderma viride, a bioagent to control some diseases in crop plants, acts as…………………….
The Headquarters of International Rice Research Institute is located at
What has facilitated technology adoption in the farm sector in India?
The F1 progeny of a cross is
Relevant for Exams:
