Question

) From the following information, find out (i) Sales (ii) Closing stock (iii) Sundry debtors,

and (iv) Sundry creditors gross profit ratio 25%

Debtors turnover ratio 4 months

Stock turnover ratio 4 times

Creditors turnover ratio 6 months

Closing stock is 10,000/- more than the opening stock. Bill receivables amount to

65,000/- and bills payable to 80,000/-. Cash of goods sold for the year is 9,00,000.​

Answer 1

Answer:

closing Stock and please mark me Brian list

Answer 2

Answer:

Find out: (a) Sales (b) Closing Stock (c) Sundry Debtors (d) Sundry Creditors