Ans: These items do not affect the cost of production and as such are not to be taken into account while preparing the ... This ratio is to be calculated as follows: Cost of goods sold Average stock Stock turnover ratio = X 100 Opening stock + Closing stock 2 Average stock = Essay Type Questions 1. What do ... Opening inventories: Raw materials Rs. 18, 000; work-in-progress (up to prime cost) Rs. 3, 500.
Title | : | Financial Accounting : Concepts, Analyses, Methods And Uses, 1/e |
Author | : | Banerjee, B K |
Publisher | : | PHI Learning Pvt. Ltd. - |
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