Q.

Which of the following statement is true?

A. Value added = total sales + closing stock of finished goods – opening stock of finished goods – total expenditure on raw material – intermediate goods
B. Value added = total sales + closing stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods
C. Value added = total sales + closing stock of finished goods and semi-finished goods-opening stock of finished goods and semi finished goods-total expenditure on raw material
D. Value added = total sales + closing stock of finished goods and semi finished goods – opening stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods.
Answer» D. Value added = total sales + closing stock of finished goods and semi finished goods – opening stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods.
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Fundamentals of Economics and Management

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