Question

7.Calculate Gross value Added at market price from
the following:
(In Lakhs)
i)Intermediate Cost
8
ii)Closing Stock
5
iii)Sales
30
iv)Net indirect Tax
6
v)Subsidy
1
vi)Depreciation
3
vii) Opening Stock
4​

Answer 1

Answer:

23 lakh

Explanation:

GVAmp = Sales+ Change in stock - Intermediate consumption.

= 30+(5-4) -8

= 30+1-8

= 30-7

= 23 lakh.