CA Foundation Exam > CA Foundation Questions > Average inventory = Rs.30,000. Closing Invent...
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Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will be
- a)Rs.32,500
- b)Rs.35,000
- c)Rs.30,000
- d)Rs.60,000
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more tha...
Given data:
Average inventory = Rs.30,000
Closing Inventory is Rs. 5,000 more than opening inventory
To find: Value of closing inventory
Solution:
Let the opening inventory be x.
Given, closing inventory is Rs. 5,000 more than opening inventory.
Therefore, closing inventory = x + 5,000
Average inventory is given as Rs.30,000
Hence,
(Opening inventory + Closing inventory)/2 = 30,000
Substituting the values of opening and closing inventory, we get:
(x + x + 5,000)/2 = 30,000
2x + 5,000 = 60,000
2x = 60,000 - 5,000
2x = 55,000
x = 27,500
Therefore, opening inventory = Rs.27,500
Closing inventory = opening inventory + Rs.5,000
= Rs.27,500 + Rs.5,000
= Rs.32,500
Hence, the value of closing inventory is Rs.32,500.
Therefore, the correct answer is option 'A'.
Average inventory = Rs.30,000
Closing Inventory is Rs. 5,000 more than opening inventory
To find: Value of closing inventory
Solution:
Let the opening inventory be x.
Given, closing inventory is Rs. 5,000 more than opening inventory.
Therefore, closing inventory = x + 5,000
Average inventory is given as Rs.30,000
Hence,
(Opening inventory + Closing inventory)/2 = 30,000
Substituting the values of opening and closing inventory, we get:
(x + x + 5,000)/2 = 30,000
2x + 5,000 = 60,000
2x = 60,000 - 5,000
2x = 55,000
x = 27,500
Therefore, opening inventory = Rs.27,500
Closing inventory = opening inventory + Rs.5,000
= Rs.27,500 + Rs.5,000
= Rs.32,500
Hence, the value of closing inventory is Rs.32,500.
Therefore, the correct answer is option 'A'.
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Community Answer
Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more tha...
Let opening inventory be x then the closing inventory will be 5000 + x they have given that average inventory is 30,000 that implies( X + 5000 + x)/2=30000,2X=60000-5000,X=55000/2=27500 and hence the opening inventory is 27,500 that implies closing inventory will be 27500 + 5000 that is equal to 32,500
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Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer?
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Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. 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.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. 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.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer?.
Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. 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.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. 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.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer?.
Solutions for Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Average inventory = Rs.30,000. Closing Inventory is Rs. 5,000 more than opening inventory. Then the value of closing inventory will bea)Rs.32,500b)Rs.35,000c)Rs.30,000d)Rs.60,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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