B Com Exam  >  B Com Questions  >  average stock of a firm is rs 40000 it's open... Start Learning for Free
average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount
?
Most Upvoted Answer
average stock of a firm is rs 40000 it's opening stock is rs5000 less ...
Let's assume that the closing stock of the firm is X.

According to the given information, the average stock of the firm is Rs. 40,000.

Hence, we can write:

(Opening Stock + Closing Stock) / 2 = Average Stock

Substituting the values, we get:

(Opening Stock + X) / 2 = 40,000

Multiplying both sides by 2, we get:

Opening Stock + X = 80,000

We also know that the opening stock is Rs. 5,000 less than the closing stock.

Hence, we can write:

Opening Stock = X - 5,000

Substituting this in the above equation, we get:

X - 5,000 + X = 80,000

Simplifying this, we get:

2X = 85,000

X = 42,500

Therefore, the closing stock is Rs. 42,500 and the opening stock is Rs. 37,500 (i.e., Rs. 42,500 - Rs. 5,000).
Explore Courses for B Com exam
average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting?
Question Description
average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting?.
Solutions for average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? defined & explained in the simplest way possible. Besides giving the explanation of average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting?, a detailed solution for average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? has been provided alongside types of average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? theory, EduRev gives you an ample number of questions to practice average stock of a firm is rs 40000 it's opening stock is rs5000 less than the closing stock calculate opening and closing stock amount Related: Methods of Valuation of Goodwill - Valuation of Goodwill & Shares, Advanced Corporate Accounting? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev