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प्रश्न
From the following information, calculate Change in Inventory of Work-in-Progress: Opening and Closing Work-in-Progress ₹1,00,000 and ₹1,15,000 respectively.
उत्तर
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount (Rs) |
|
|
(a) |
Work-in-Progress |
|
|
|
|
Opening Inventory |
1,00,000 |
(15,000) |
|
|
Less: Closing Inventory |
1,15,000 |
|
|
|
|
(15,000) |
|
(Rs 15,000) will be shown in the Statement of Profit and Loss against Change in Inventories of Work-in-Progress.
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| Prepare Balance Sheet of the Company as per Schedule III of the Companies Act, 2013: | ₹ |
| 10% Debentures of ₹ 100 each | 1,90,000 |
| Stock-in-Trade (inventories) | 40,000 |
| Goodwill | 20,000 |
| Provision for Tax | 60,000 |
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| (₹ in '000) | (₹ in '000) | ||
| Long-term Borrowings | 1,000 | Fixed Assets (Tangible) | 1,600 |
| Trade Payable | 60 | Inventories | 40 |
| Share Capital | 800 | Trade Receivables | 160 |
| Reserves and Surplus | 180 | Cash and Cash Equivalents | 240 |
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| Particluars |
Opening Inventory (₹) |
Closing inventory(₹) |
||
| Finished Goods |
5,00,000 |
5,50,000 |
||
| Work-in-Progress |
4,50,000 |
4,25,000 |
||
| Stock-in-Trade | 6,50,000 | 6,00,000 | ||
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