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For the following questions answer them individually
‘A’ agrees to pay Rs.1 lakh to ‘B’ if B brings stars from heaven to earth. This agreementis
A trader carries an average stock of Rs.40,000/-.His stock turnover ratio is 8 times.If he sells goods at a profit of 20% on sales,find out his profit
“The position of a Company Secretary is like that of a hub in a bicycle wheel.” This statement showsthe
The Branch of Accounting which is concerned with the processing, analyzing and presenting data for decision making is known as
Rate of Gross Profit on cost is 25%. Total sales is Rs. 1,00,000 and Average StockisRs.1,60,000. Stock Turnover Ratio will be
A company madethe purchasesof an item duringits financial year.
January 2007 -200 @ Rs. 50 each
May 2007 — 400 @ Rs. 60 each
August 2007 — 600 @ Rs. 70 each
November 2007 — 300 @ Rs. 80 each
Closing inventories were 500articles.
Find out the value of closing stock as per Weighted Average Method
Quick, Easy and Effective Revision
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