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easyMCQCUET Accountancy2026Accountancy
1 mark

On the basis of the information given below, find the value of the Closing Inventory:

  1. A
    20,000
  2. B
    40,000
  3. C
    60,000
  4. D
    80,000

Solution & Step-by-step Explanation

We use the standard formula for Average Inventory:

Substitute the values:

40,000 \times 2 = 20,000 + \text{Closing Inventory}}

Practice this question

Try it yourself before checking the explanation above.

On the basis of the information given below, find the value of the Closing Inventory:

A
20,000
B
40,000
C
60,000
D
80,000

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