Financial State...

Under inflationary conditions, which of the following methods will have highest value  of closing stock ?

In the previous year, closing stock was valued more by Rs.10,000. As a result __________________.

If closing stock is understated _____________________.

Opening Inventory Rs.1,00,000, Purchase Rs.4,00,000 , Sales Rs.3,00,000, Selling Price -1/3rd on cost. Goods costing Rs.25,000 destroyed by fire.Market value of closing inventory is 20% less than the cost . In the financial statements closing inventory will appear at _________________.

In the previous year,closing stock was undervalued by Rs.10,000. As a result ____________________.

If opening stock is understated _________________.

If the goods purchased are in transit , then the journal entry at the end of the period will be ____________________.

Opening Inventory Rs.1,00,000, Purchase Rs.4,00,000, Sales Rs.3,00,000, Selling price -1/3rd on cost. Value of closing inventory as per physical verification Rs.2,00,000. The estimated cost of missing inventory is __________.

X purchased 2000 boxes costing Rs 100 each. 400 boxes were sent out to Y at 25%+ on cost. 1200 boxes were sold at Rs 120 each. What will be the amount of gross profit to be recorded in general trading A/c?

Opening Stock Rs.1,60,000; Purchase Rs.3,20,000; Sales Rs.4,00,000.It is noticed that goods worth Rs.60,000 were destroyed due to fire .Against this , the insurance company accepted a claim of Rs.40,000. The company sells goods at cost plus 1/3rd. The value of closing inventory, after taking into account the above transaction is ______________.