final accounts of non manufacturing entities

Accountancy

How can we calculate closing stock in this question?

Ameena Yasmine PA

CA Inter

★ 3K+

22-Dec-22 09:04

715

Answers (4)

Best Answer

If stock = 100, Bank OD = 100 x 80% x 80% = 64 So 64 => 100 320000 => X Cross multiply 320000 x 100/64 =5,00,000

CA Suraj Lakhotia

Admin

22-Dec-22 11:21

Point 7

CA Suraj Lakhotia

Admin

22-Dec-22 09:04

CA Suraj Lakhotia Admin

Point 7

Could you please explain point 7,sir??

Thread Starter

Ameena Yasmine PA

CA Inter

★ 3K+

22-Dec-22 09:07

Thread Starter

Ameena Yasmine PA

Could you please explain point 7,sir??

Refer this the final value of closing stock is 1,25,000 I hope it may helps you :)

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Balachandar S

CA Inter

★ 59K+

22-Dec-22 09:44