Calculate the valuation of closing stock using simple average method from the following information:
· 100 units purchased for 20 each
· 200 units purchased for 22 each
Closing inventory in units = Opening Stock + Purchases – Sales = 100+200 – 250 = 50 units Simple average price =average of price without considering the quantity = (20+22)/2 = 21 per unit So, valuation of Closing Inventory = 50*21 = 1050
Which article of the Indian Constitution deals with the amendment process?
What is the maximum number of members allowed in the Lok Sabha?
Under which list does the regulation of telecommunication networks fall as per the Indian Constitution?
Which of the following is not a fundamental right under the Indian Constitution?
Who is the constitutional head of the Government of India?
Which of the following articles of the Indian Constitution pertains to the "High Courts for States"?
Which of the following amendments to the Indian Constitution is known as the 'Mini-Constitution'?
Who has the power to remove the Vice President of India from office?
The Directive Principles of State Policy in the Indian Constitution were inspired by the Constitution of which country?
According to Article 100 of the Indian Constitution, what fraction of members constitutes the quorum for meetings of either House of Parliament?
