Q. 170 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 170 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following details, calculate (i) Opening Inventory; (ii) Closing Inventory; Inventory Turnover Ratio 6 times; Gross Profit 20% on Revenue from Operations; Revenue from Operations ₹ 1,80,000; Closing Inventory is ₹ 15,000 in excess of Opening Inventory.
[Ans. Opening Inventory ₹ 16,500; Closing Inventory ₹ 31,500]
Solution:-
