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Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will be
- a)Rs. 12,000
- b)Rs. 24,000
- c)Rs. 10,500
- d)Rs. 13,500
Correct answer is 'D'. Can you explain this answer?
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Most Upvoted Answer
Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more tha...
Given:
Average inventory = Rs 12,000
Closing inventory is Rs. 3,000 more than opening inventory.
To find: Value of closing inventory
Solution:
Let the opening inventory be x.
Given that the closing inventory is Rs. 3,000 more than the opening inventory.
So, the closing inventory will be x+3000.
The average inventory is given by:
Average inventory = (Opening inventory + Closing inventory)/2
Substituting the values, we get:
12000 = (x + x+3000)/2
24000 = 2x + 3000
2x = 21000
x = 10500
Therefore, the opening inventory is Rs. 10,500.
And, the closing inventory is x+3000 = 10500+3000 = Rs. 13,500.
Hence, the value of the closing inventory is Rs. 13,500.
Therefore, the correct answer is option D.
Average inventory = Rs 12,000
Closing inventory is Rs. 3,000 more than opening inventory.
To find: Value of closing inventory
Solution:
Let the opening inventory be x.
Given that the closing inventory is Rs. 3,000 more than the opening inventory.
So, the closing inventory will be x+3000.
The average inventory is given by:
Average inventory = (Opening inventory + Closing inventory)/2
Substituting the values, we get:
12000 = (x + x+3000)/2
24000 = 2x + 3000
2x = 21000
x = 10500
Therefore, the opening inventory is Rs. 10,500.
And, the closing inventory is x+3000 = 10500+3000 = Rs. 13,500.
Hence, the value of the closing inventory is Rs. 13,500.
Therefore, the correct answer is option D.
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Community Answer
Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more tha...
AI =(OP +OP+3000)/2. SOLVE THIS 12000×2 = (2OP +3000) 24000-3000 = 2OP 21000/2 = OP 10500 =OP CL =3000 + OP CL = 3000+ 10500 CL = 13500 Ans
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Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct answer is 'D'. Can you explain this answer?
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Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct 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 Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct 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 Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct answer is 'D'. Can you explain this answer?.
Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct 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 Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct 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 Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct answer is 'D'. Can you explain this answer?.
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Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct answer is 'D'. Can you explain this answer?, a detailed solution for Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct answer is 'D'. Can you explain this answer? has been provided alongside types of Average inventory = Rs 12,000. Closing inventory is Rs. 3,000 more than opening inventory.The value of closing inventory will bea)Rs. 12,000b)Rs. 24,000c)Rs. 10,500d)Rs. 13,500Correct answer is 'D'. Can you explain this answer? theory, EduRev gives you an
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