Q. 174 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 174 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following information, calculate the value of opening and closing inventory:-
| ₹ | |
| Inventory Turnover Ratio | 4 times |
| Gross Profit | 20% on Revenue from Operations |
| Revenue from Operations | 10,00,000 |
| Opening Inventory is 25% of the inventory at the end. |
[Ans. Opening Inventory ₹ 80,000; Closing Inventory ₹ 3,20,000.]
Solution:-
