Question
A company purchased 50,000 units of raw material at Rs.2
per unit. At what value will the raw material inventory be recorded in the books of accounts if the market price of the units as at 31 March 2021 is Rs.1.6 per units?Solution
The inventory is valued at lower of cost of net realisable value. The cost is Rs.2 per unit and realisable value on the closing day of balance sheet is Rs.1.60 per unit. As such, it will be valued at Rs.1.60 per unit. As such, Value of inventory will be = 1.6*50000 = Rs.80,000
In a certain code language, āGEMINIā is coded as '63' and āTAURUSā coded as '380'. What is the code of word āPISCESā in the same coding lan...
In certain coded Language 35791 is written as 44882. How 678214 can be written in that code?
CARVOT
The code āIPGEā represents which of the following word?
Which of the following code for āillegalā?
In a certain code language ‘LARGE’ is written as ‘BMRFH’ and ‘CUPID’ is written as ‘VDPEJ’. How is &lsqu...
The code ākjā represents quality of the following word?
. If 'PEAR' is written as 'REAP', then 'MAINā is written as
What is the code for ābookā in the given code language?
In a certain code, if REJOICE is coded as 331517, what is the code for HARMONY?
