I know that rate of stock turnover = cost of goods sold/
average of stock.
average of stock = (opening stock + closing stock)/ 2
what happens if it is a new business with no opening stock?
do u take closing stock/2 or simply just take closing stock
as the average stock figure?
Answer / sajeermoidu
HERE WE CAN TAKE CLOSIN STOCK AS AVERAGE STOCK,AVERAGE STOCK
IS CONSIDERED ONLY IF WE HAVE OPENING STOCK AND CLOSING
STOCK.
HERE
CGS/CLOSING STOCK=RATE OF STOCK TURN OVER
Is This Answer Correct ? | 2 Yes | 0 No |
if an employee get 10000 per month what is his da,ta,pf,hra,it,esi percentage?
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
where the closing stock appear in Trial Balance?
17 Answers Vibgyor High School,
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