Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 34 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
34. calculate stock turnover ratio if cost of sale is 6,00,000; purchases 7,00,000; opening stock 1,50,000
| C.O.G.S | = | opening stock + net purchases + direct taxes – closing stocks. |
| 6,00,000 | = | 1,50,000 + 7,00,000 – closing stock |
| Closing stock | = | 8,50,000 – 6,00,000 |
| = | 2,50,000 |
|
Average stock |
= | opening stock+closing stock |
| 2 |
| = | 1,50,000 + 2,50,000 |
| 2 |
| = | 4,00,000 | = | ₹2,00,000 |
| 2 |
|
Stock turnover ratio |
= | Cost of goods sold |
| Average stock |
| = | 6,00,000 |
| 2,00,000 | |
| = | 3 times Ans. |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 34 Chapter 7 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 34 Chapter 7 – UNIMAX Class 12 Part 2 – 2021" instantly.
