Question 34 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
34. calculate stock turnover ratio if cost of sale is 6,00,000; purchases 7,00,000; opening stock 1,50,000
The solution of Question 34 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| 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. |
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Accounting Ratios – Meaning and Definition
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Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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