DK Goel Solutions Q 61 Chapter 3 Accounting Ratios Class 12 CBSE [2023-24]
Step-by-step solution of Question 61, Chapter 3 Accounting Ratios, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 61
- Cash Revenue from Operations (Cash Sales) ₹ 1,00,000
- Credit Revenue from Operations (Credit Sales) ₹ 5,00,000
- Gross Profit ₹ 1,20,000
- Inventory Turnover Ratio 4 times
Calculate the value of Opening and Closing Inventory in each of the following alternative cases :
- Case I If closing inventory was ₹ 1,00,000 in excess of opening inventory.
- Case II If closing inventory was 2 times that in the beginning.
- Case III If closing inventory was 2 times more than that in the beginning.
- Case IV If closing inventory was 3 times that in the beginning.
Solution
All questions of Chapter 3
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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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