Question 40 Chapter 4 of +2-B

Question 40 Chapter 4 of +2-B

III. Activity Ratios

Inventory Turnover Ratio

 40. (Cost of Goods Sold) If the Inventory turnover ratio is 5 times and the average inventory ₹ 2,00,000. Find out the cost of goods sold (i.e. Cost of Revenue from Operation).

 

The solution of Question 40 Chapter 4 of +2-B: – 

Inventory Turnover Ratio=5 Times
Average Inventory=₹ 2,00,000
Inventory Turnover Ratio=Cost of goods sold
Average Inventory
5=Cost of goods sold
₹ 2,00,000
   
Cost of goods sold=₹ 2,00,000 x 5
 =₹ 10,00,000


Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 40 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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