Question
ABC Ltd purchased raw materials worth Rs.1 lakh during FY21. It had opening stock of raw materials of Rs.12,000 at the beginning of the year and closed the year with a stock of Rs.8000 worth of raw materials. How much of raw material did ABC Ltd consume in FY21?
More Audit Questions
- A company made credit sales of Rs.72 lakh in the year. If the debtors value at end of the year was Rs.12 lakh, what will be the average age of receivables,...
- If the depreciation on machinery kept in the factory is charged, which among the following will go up?
- A company issues 5,00,000 shares in the market. The face value of each share is Rs.2, the book value is Rs.10 and the market value is Rs.15. What is the ne...
- Which country is the largest importer of leather and leather products from India during April-August 2022?
- A company had EBIT of Rs.3,70,000. The interest expense was Rs.45,000. The tax rate is 30%. The company paid Rs.31,000 dividend. What is the retention rati...
- Banks are permitted to allow Startups to raise ECB under the automatic route, The borrowing per Startup will be limited to USD………… per FY
- What among the following is not the essential pre-requisites of a JIT System?
- The cost of an asset on 01-01-2002 is 5,00,000 and its life is 10 years with salvage value is zero. If it is sold on 31-12-2008 for 50,000 than calculate t...
- Under the Indian Trusts Act, 1882, when does the beneficiary's interest in the trust property vest?
- A company is conducting a market research study to analyze customer preferences for a new product. They start by collecting a large set of potential respo...
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)