A trader purchased certain articles for 155,000. He sold some of articles for 200000. The average percentage of gross margin is 25% on cost. Opening stock of inventory at cost was 30,000. Calculate the cost of closing inventory as per AS 2.
Cost of the item sold: 200000/125*100 = 160,000 Purchase price and opening stock are given in question: 155000 + 30,000 = 1,85,000 So out of 185,000 we have sold 160000 worth of articles Closing stock: 1,85,000 – 1,60,000 = 25,000
What is another term used to describe saline soil?
When the activity of one gene is suppressed by the activity of a non-allelic gene, it is known as
Aflatoxin is produced by
Who developed Hydrogen Bomb?
Under which ministry national food security act enacted in 2013Â Â Â
Which of the following method is most effective in conferring disease resistance among distantly related species?
The state where less than 500 mm annual rainfall is obtained
Fruit and shoot borer is an important pest of;
Who among the following is popularly known as the Father of Agricultural Demonstration?
A tea beverage which is prepared by fermentation with the help of symbiotic culture of bacteria and yeast for one to two weeks and characterized by itâ€...
