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If average inventory is Rs. 50,000 and c...

If average inventory is Rs. 50,000 and closing inventory is Rs. 2,000 less than the opening inventory, opening and closing inventory will be:

A

Rs. 52,000 and Rs. 50,000

B

Rs. 50,000 and Rs. 48,000

C

Rs. 48,000 and Rs. 46,000

D

Rs. 51,000 and Rs. 49,000

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The correct Answer is:
D
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From the following information, calcualte inventroy turnover Ratio: Total sales Rs 220000, Sales Return Rs 20000, Gross Profit Rs 50,000, Closing inventory Rs 60000, Excess of closing inventory over opening inventory Rs 20000.

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DK GOEL-ACCOUNTING RATIOS-Multiple Choice Questions (Activity Ratios)
  1. Revenue from operations Rs. 2,00,000, Inventory Turnover Ratio 5, Gros...

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  2. If the inventory turnover ratio is divided into 365, it becomes a meas...

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  3. If average inventory is Rs. 50,000 and closing inventory is Rs. 2,000 ...

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  4. Opening Inventory Rs. 50,000, Closing Inventory Rs. 40,000 and cost of...

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  5. Average Inventory Rs. 60,000, Inventory Rs. Turnover Ratio 8, Gross ...

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  6. Opening Inventory Rs. 75,000, Closing Inventory Rs. 1,05,000, Inventor...

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  7. Opening Inventory Rs. 40,000, Purchase Rs. 4,00,000, Purchase Return R...

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  8. The formula for calculating the Trade Receivables Turnover Ratio is :

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  9. Total revenue from operations Rs. 9,00,000, Cash revenue from operati...

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  10. Total revenue from operations Rs. 27,00,000, Credit revenue from opera...

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  11. Credit revenue from operations Rs. 24,00,000, Trade Receivables Turnov...

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  12. A firm makes credit revenue from operations of Rs. 2,40,000 during the...

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  13. Credit revenue from operations Rs. 3,00,000. Trade Receivables Tourno...

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  14. Credit revenue from operations Rs. 5,60,000, Debtors Rs. 70,000, B/R R...

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  15. Credit revenue from operations Rs. 6,00,000, Cash revenue from operat...

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  16. On the basis of following data, a Company's closing debtors will be: ...

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  17. Total credit revenue from operations of a firm is Rs. 5,40,000. Averag...

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  18. The formula for calculating Trade Payables Turnover Ratio is :

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  19. Credit Purchases Rs. 12,00,000, Opening Creditors Rs. 2,00,000, Closin...

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  20. Total Purchases Rs. 4,50,000, Cash Purchases Rs. 1,50,000, Creditors R...

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