Calculate Sales from the following data :Particulars ₹ in Lakhs Closing stock 500Opening stock 200Subsidies 180Intermediate consumption 1,500Consumption of fixed capital 350Net value added at factor cost 2000
Question
Calculate Sales from the following data :Particulars ₹ in Lakhs Closing stock 500Opening stock 200Subsidies 180Intermediate consumption 1,500Consumption of fixed capital 350Net value added at factor cost 2000
Solution
To calculate the sales, we need to use the formula:
Sales = Opening stock + Intermediate consumption + Net value added at factor cost - Closing stock
Given the data:
Opening stock = ₹200 lakhs Intermediate consumption = ₹1,500 lakhs Net value added at factor cost = ₹2,000 lakhs Closing stock = ₹500 lakhs
Let's substitute these values into the formula:
Sales = ₹200 lakhs + ₹1,500 lakhs + ₹2,000 lakhs - ₹500 lakhs
Now, let's calculate the sales:
Sales = ₹3,200 lakhs
Therefore, the sales amount is ₹3,200 lakhs.
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