Q. 176 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 176 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Following are the details available:-
If the closing inventory is more by ₹ 40,000 than opening inventory, determine the following:-
| ₹ | |
| Current Assets | 1,00,000 |
| Current Liabilities | 70,000 |
| Total Revenue from Operations | 2,00,000 |
| Cost of Revenue from Operations | 1,50,000 |
| Operating Expenses | 20,000 |
| Inventory turnover | 5 times |
(i) Opening Inventory, (ii) Liquid Ratio.
[Ans. (I) Opening Inventory ₹ 28,000; (ii) Liquid Ratio .97 : 1.]
Solution:-
