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    Question

    Changes in Inventories of finished goods,

    work-in-progress and stock-in-trade will be calculated by which of the following?
    A Opening stock + Purchases тАУ Closing Stock Correct Answer Incorrect Answer
    B Closing stock + Purchases тАУ Opening Stock Correct Answer Incorrect Answer
    C Opening stock тАУ Closing Stock Correct Answer Incorrect Answer
    D Closing stock тАУ Opening Stock Correct Answer Incorrect Answer
    E Closing stock + Opening Stock тАУ purchases Correct Answer Incorrect Answer

    Solution

    Changes in inventory will be given by opening stock тАУ closing stock. Note - Opening stock + Purchases тАУ Closing Stock will give the raw material consumed

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