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If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than value of opening stock. Closing stock will be : 
  • a)
    Rs. 16,000
  • b)
    Rs. 18,000
  • c)
    Rs. 20,000
  • d)
    Rs. 22,000
Correct answer is 'D'. Can you explain this answer?
Verified Answer
If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than v...
let os be x , then cs will be 4000+x
average stock =x+x+4000/2=20000
os = 18000
cs = 22000
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Most Upvoted Answer
If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than v...
Given:
- Average stock = Rs. 20,000
- Closing stock is Rs. 4,000 more than the value of opening stock.

To find: Value of closing stock

Solution:
Let the value of opening stock be x.

Given, closing stock is Rs. 4,000 more than the value of opening stock.
So, the value of closing stock = x + 4000.

Also, given that the average stock = Rs. 20,000.
Average stock is the average of opening and closing stock.
Therefore, (x + (x+4000))/2 = 20,000
Simplifying, we get:
2x + 4000 = 40000
2x = 36000
x = 18000

So, the value of opening stock = Rs. 18,000.

The value of closing stock = x + 4000 = 18000 + 4000 = Rs. 22,000.

Therefore, option 'D' is the correct answer.
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Community Answer
If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than v...
Let opening stock = x closing stock = 4000 + x average stock = 20000 x + (4000 + x ) / 2 = 20000 2x + 4000 = 40000 2x = 40000- 4000 2x = 36000 x = 36000/ 2 x= 18000 opening stock = 18000 closing stock = x + 4000 = 18000 + 4000 = 22000
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If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than value of opening stock. Closing stock will be :a)Rs. 16,000b)Rs. 18,000c)Rs. 20,000d)Rs. 22,000Correct answer is 'D'. Can you explain this answer?
Question Description
If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than value of opening stock. Closing stock will be :a)Rs. 16,000b)Rs. 18,000c)Rs. 20,000d)Rs. 22,000Correct answer is 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than value of opening stock. Closing stock will be :a)Rs. 16,000b)Rs. 18,000c)Rs. 20,000d)Rs. 22,000Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If average stock is Rs. 20,000. Closing stock is Rs. 4,000 more than value of opening stock. Closing stock will be :a)Rs. 16,000b)Rs. 18,000c)Rs. 20,000d)Rs. 22,000Correct answer is 'D'. Can you explain this answer?.
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