Advertisement
Question 40 Chapter 4 of +2-B
Advertisement
Table of Contents
III. Activity Ratios
Inventory Turnover Ratio
Advertisement-X
Advertisement-Y
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
- 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Leave a Reply