Question

cost of revenue from operations 800000, purchase of stock in trade 820000, Closing inventory of stock in trade 180000.
Stock turnover ratio ​

Answer 1

Explanation:

prepare accounting equation

Mr X started business with cash and

stock of Rs6,000 and 4000

Purchass stock of Rs 6000 half of payment

done in Cash

( Sold 50% stock at 20% profit on cost