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Question 76 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 76 Chapter 4 of +2-B
Question No. 76- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 76 Chapter 4 of +2-B

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Interest Coverage Ratio

76. From the following Information, calculate Inventory Turnover Ratio:
Credit Revenue from Operations 3,00,000; Cash Revenue from Operations 1,00,000, Gross Profit 25% of Cost, Closing Inventory was 3 times the Opening Inventory. Opening Inventory was 10% of Cost of Revenue from Operations.

The solution of Question 76 Chapter 4 of +2-B: –

Opening Inventory=@ 10% of Cost of Goods Sold
 =Rs. 30,000
Closing Inventory=Rs. 30,000 x 3
 =Rs. 90,000
Cost of Revenue from Operations=Revenue from Operations – Gross Profit
 =Rs. 4,00,000 – Rs. 1,00,000
 =Rs. 3,00,000

 

Inventory Turnover RatioCost of Revenue from Operations
Average Inventory
Inventory Turnover RatioRs. 3,00,000
Rs. 60,000
 =5 Times

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Balance Sheet: Meaning, Format & Examples

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

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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