Product A B C D E Cost (Rs.) 45,000 57,500 1,37,500 50,000 1,05,000 NRV (Rs.) 47,600 77,500 1,32,500 62,500 1,00,000 What is the value of inventory at the end of the year as per conservatism principle?

Correct Answer is : Rs. 3,85,000

CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice

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What is the value of inventory at the end of the year as per conservatism principle?

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