Stores transaction during the month Magh are as underPurchased Magh 1: Opening balance: 500 units @ Rs 10 per unit Magh 4: 600 units @ Rs 11 per unit Magh 9: 600 units @ Rs 12 per unit Magh 20
Marks: 5Chapter: Unit 5: Inventories (4Hrs)
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BCA Semester 2 – Financial Accounting – Unit 5: Inventories (4Hrs)
Comprehensive questions and detailed answers for Unit 5: Inventories (4Hrs). Perfect for exam preparation and concept clarity.
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Stores transaction during the month Magh are as underPurchased
Magh 1: Opening balance: 500 units @ Rs 10 per unit
Magh 4: 600 units @ Rs 11 per unit
Magh 9: 600 units @ Rs 12 per unit
Magh 20: 800 units @ Rs 12 per unit
Issued:Magh 7: 500 units
Magh 15: 500 units.
Magh 25: 400 units
Stock verification loss
Magh 28: 20 units
Required: Store ledger unit FIFO method.
MediumTHEORY5 marks2019(TU FOHSS Final)
A manufacturing company provides extracts of material transactions of July.1, July, Opening balance of materials 1,000 units @ Rs.10 each.5, July, Issued 700 units12, July, Purchased 800, units @ Rs.11 each.18, July, Issued 700 units22, July, Returns 50 units from work order July, 5.24, July, Purchased 700 units @ Rs.12 per unit.
Required: Store ledger under LIFO method
MediumTHEORY5 marks2020(TU FOHSS Final)
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A manufacturing company provides extracts of material transactions of July.1, July, Opening balance of materials 1,000 units @ Rs.10 each.5, July, Issued 700 units12, July, Purchased 800, units @ Rs.1
Marks: 5Chapter: Unit 5: Inventories (4Hrs)