CA Foundation Exam > CA Foundation Questions > Calculate Closing Stock using FIFO Method:a)R...
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Calculate Closing Stock using FIFO Method:
- a)Rs. 5,000
- b)Rs. 1,000
- c)Rs. 1,250
- d)Rs. 6,250
Correct answer is option 'B'. Can you explain this answer?
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Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. ...
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Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. ...
Too simple!!
FIFO refers to "First' In First' Out"
thus, old stock willbe issued first and rather after new stock!
here,
.
stock:: 100 of Rs. 50 = ₹5000/-
add- Purchases :: 50 of ₹ 40/- = ₹2000/-
less- issued :: [(100x50=5000)+(25x40=1000)=₹6000/- (125)
thus, reaming will be stock = 25x40=₹1000/-
FIFO refers to "First' In First' Out"
thus, old stock willbe issued first and rather after new stock!
here,
.
stock:: 100 of Rs. 50 = ₹5000/-
add- Purchases :: 50 of ₹ 40/- = ₹2000/-
less- issued :: [(100x50=5000)+(25x40=1000)=₹6000/- (125)
thus, reaming will be stock = 25x40=₹1000/-
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Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer?
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Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer?.
Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate Closing Stock using FIFO Method:a)Rs. 5,000b)Rs. 1,000c)Rs. 1,250d)Rs. 6,250Correct answer is option 'B'. Can you explain this answer?.
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