Question 34 Chapter 7 -Unimax Publication Class 12 Part 2

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

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	=	1,50,000 + 2,50,000
		2

	=	4,00,000	=	₹2,00,000
		2

Stock turnover ratio	=	Cost of goods sold
		Average stock

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Accounting Ratios – Meaning and Definition

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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