1.

Calculate the following.undervaluation of closing stock by 10% closing stock was 30000 rupees find out the value of closing stock

Answer»

Undervaluation of closing stock by 10 % Revised value = \(\frac{Book\,value}{100-\%\,of\,undervaluation}\times100\)

\(=\frac{30,000}{100-30}\times100\)

= ₹ 33,333.

∴ Value of closing stock = ₹ 33,333.



Discussion

No Comment Found

Related InterviewSolutions