DK Goel Solutions Q 68 Chapter 3 Accounting Ratios Class 12 CBSE [2023-24]
Step-by-step solution of Question 68, Chapter 3 Accounting Ratios, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 68
Calculate Inventory Turnover Ratio from the following :
Opening Inventory ₹ 20,000; Purchases ₹ 2,40,000 and Closing Inventory ₹ 60,000. State, giving reason, which of the following transactions will (a) increase (b) decrease or (c) not alter the inventory turnover ratio.
- (i) Goods purchased for ₹ 40,000.
- (ii) Sale of goods for ₹ 25,000 (Cost ₹ 30,000).
- (iii) Decrease in the value of closing inventory by ₹ 20,000.
- (iv) Increase in the value of closing inventory by ₹ 10,000.
- (v) Goods costing ₹ 5,000 distributed as free samples.
Solution
All questions of Chapter 3
Orange = this question · Grey = already opened.
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.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.