The amount of opening stock can be ascertained by preparing

Related MCQs

• Opening Stock ` 15,000, Closing Stock ` 6,000, Total Purchase during the year ` 30,000. Given that Opening Stock inadvertently includes postage stamps of ` 1,500. Find the cost of goods sold
• Opening capital is ascertained by preparing:
• The amount of credit purchases can be ascertained by preparing a
• Opening stock Rs.10,000 Sales Rs.40,000 Purchases Rs.30,000 Gross profit on sales 20% From the above figures, the amount of closing stock can be valued at
• If Building (closing) Rs.100,000, Land (opening) Rs. 100,000, Creditors (opening) Rs.10,000 then opening capital:
• Under the net worth method, the profit can be ascertained by preparing
• The closing capital can be ascertained by preparing
• Credit sales can be ascertained by preparing
• Credit purchases can be ascertained by preparing
• Goods are transferred from Department X to Department Y at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is ` 48,000, then the amount of stock reserve on closing stock will be