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    Question

    Changes in Inventories of finished goods,

    work-in-progress and stock-in-trade will be calculated by which of the following?
    A Opening stock + Purchases – Closing Stock Correct Answer Incorrect Answer
    B Closing stock + Purchases – Opening Stock Correct Answer Incorrect Answer
    C Opening stock – Closing Stock Correct Answer Incorrect Answer
    D Closing stock – Opening Stock Correct Answer Incorrect Answer
    E Closing stock + Opening Stock – purchases Correct Answer Incorrect Answer

    Solution

    Changes in inventory will be given by opening stock – closing stock. Note - Opening stock + Purchases – Closing Stock will give the raw material consumed

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