[DK Goel] Q. 61,62,63,64 Accounting Ratios Solutions Class 12 CBSE (2026-27)
the solutions of Question number 61, 62, 63, 64 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)
Q. 61. Calculate Opening Inventory from the following information:
Purchases ₹ 5,70,000; Freight ₹ 20,000; Miscellaneous Expenses ₹ 10,000; Revenue from Operations (Sales) ₹ 5,00,000; Closing Inventory ₹ 70,000; Gross Loss 16% on Revenue from Operations.
[Ans. Opening Inventory ₹ 60,000.]
Solution:-
Hints:
(i) Freight is a component of Direct Expenses. Hence, it will be included in Cost of revenue from Operations.
(ii) Miscellaneous Expenses being indirect expenses will not be included in Cost of revenue from Operations.
Q. 62. From the given information, calculate the Inventory Turnover Ratio:
Revenue from Operations (Sales); ₹ 2,00,000; GP : 25% Opening Inventory was 1/4th of the value of Closing Inventory. Closing Inventory was 40% of Revenue from Operations.
[Ans. Inventory Turnover Ratio 3 Times.]
Solution:-
Q. 63. Calculate Inventory Turnover Ratio from the following:
| ₹ | |
| Cash Revenue from Operations (Cash Sales) | 6,00,000 |
| Credit Revenue from Operations (Credit Sales) | 4,00,000 |
| Gross Profit | 25% on Cost |
| Closing Inventory | 3 times of Opening Inventory |
| Opening Inventory | 10% of Cost of Revenue from Operations |
[Ans. Inventory Turnover Ratio : 5 times.]
Solution:-
the solutions of Question number 62 of Accounting Ratios Chapter 5 of DK Goel Class 12 CBSE (2024-25)
| ₹ | |
| Revenue from Operations (Sales) | 7,00,000 |
| Gross Profit | 1,40,000 |
| Inventory Turnover Ratio | 7 Times |
Q. 64. Find out the value of Closing Inventory, if Closing Inventory is ₹ 16,000 more than the Opening Inventory.
[Ans. Closing Inventory ₹ 88,000.]
Solution:-
