📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      What would be the treatment of following in the process

      account? Opening Stock of Materials50000 Purchases                        800000 Closing Stock of Materials250000
      A Would be net debited by 800000 Correct Answer Incorrect Answer
      B Would be net debited by 250000 Correct Answer Incorrect Answer
      C Would be net debited by 600000 Correct Answer Incorrect Answer
      D Would be credited by 600000 Correct Answer Incorrect Answer
      E Would be credited by 850000 Correct Answer Incorrect Answer

      Solution

      It is to be debited by materials consumed on a net basis i.e. net debit by 600000 (50000+800000-250000)

      Practice Next
      ask-question