the revenue from oprations of a firm is 6,00,000 its inventry turnover ratio is 3 times .if gross profite ration is 25% calculate the opening inventry and closing inventry .the closing inventry is 25% of closing inventry
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Explanation:
DATE:
I enter the following transaction in an
analytical pretty cash book under
inprest system and Balarce it
1-2-2017 Received cheque
3-2-2017 Receired postal stamp
15-2-2017 paid carriage on pa
parcels 30
20-2-2017 Parcheesed office files and paper 15
25-2-2017 Paid foon office charing
paid feer advertisement
2 od
2
ho
us
29- 2- 2017
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