Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Financial Statements Analysis Inventory
Pawan and Vikas are partners in firm sharing profits and losses in the ratio of 4 ∶ 3.
| Balance Sheet (Extract) | |||
| Liabilities | ₹ | Assets | ₹ |
| Inventory | 2,00,000 | ||
If the value of Inventory reflected in the above balance sheet is overvalued by 25%, find out the value of inventory to be shown in the new Balance Sheet:
1
1,60,000.
2
2,00,000.
3
2,40,000.
4
3,00,000.