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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