Q. Which of the following statement is true? (Solved)
1. Value added = total sales + closing stock of finished goods – opening stock of finished goods – total expenditure on raw material – intermediate goods
2. Value added = total sales + closing stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods
3. Value added = total sales + closing stock of finished goods and semi-finished goods-opening stock of finished goods and semi finished goods-total expenditure on raw material
4. Value added = total sales + closing stock of finished goods and semi finished goods – opening stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods.
- d. Value added = total sales + closing stock of finished goods and semi finished goods – opening stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods.