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DK Goel Solutions Q 54 Chapter 3 Accounting Ratios Class 12 CBSE [2023-24]

Question 54 of 120Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 54, Chapter 3 Accounting Ratios, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 54

Calculate Inventory Turnover Ratio for the year 2020-21 and 2021-22 from the following information :

  1. Inventory on 31st March — 2020-21 ₹ 11,00,000; 2021-22 ₹ 15,00,000
  2. Revenue from Operations — 2020-21 ₹ 75,00,000; 2021-22 ₹ 93,60,000
  3. (Gross Profit is 20% on cost of revenue from Operations)

In the year 2020-21 inventory decreased by ₹ 3,00,000

DK Goel Class 12 Accounting Ratios Question 54

Solution

Solution of Q 54 Accounting Ratios DK Goel 2023-24 part 1
Solution of Q 54 Accounting Ratios DK Goel 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 54 Accounting Ratios DK Goel 2023-24 part 3
Solution of Q 54 Accounting Ratios DK Goel 2023-24 part 4
Solution of Q 54 Accounting Ratios DK Goel 2023-24 part 5
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About this solution

This is Chapter 3 Accounting Ratios of DK Goel For 2024 Examinations.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.

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