Opening stock + purchases + direct expenses – closing stock =

Related MCQs

• Determine stock turnover ratio if, Opening stock is Rs 31,000 , Closing stock is Rs 29,000, Sales is Rs 3,20,000 & Gross profit ratio is 25% on sales.
• If value of opening inventories increases, what happens to the value of gross profit?
• Subtracting all expenses from revenues yields?
• Preliminary expenses is an example of .
• Prepaid expenses is an example of .
• In financial statement the stock is valued at cost or market price whichever is less on the basis of…
• Stock is considered as a liquid asset as anytime it can be converted into cash immediately.
• Stock turnover ratio is a .
• Inventory or stock turnover ratio is also called .
• Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.