Question
A company has Net Sales = ₹80 lakh, Cost of Goods Sold = ₹60 lakh, Inventory = ₹15 lakh. What is Inventory Turnover Ratio?
More Accounts Questions
- A non-deliverable forward (NDF) contract is primarily used to hedge exposures in which scenario?
- A bill discounted or purchased (with recourse) by a bank becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?
- The purpose of preparing final accounts is to ascertain .
- Current sales mix is 3:2 for Product A (P/V 30%) and Product B (P/V 50%). If the mix changes to 2:3, how does the composite P/V ratio change?
- A software company provides license + 2 years of updates and support. How should revenue be recognised?
- Which of the following is a nominal account?
- What is the maximum Standard Deduction allowed from Salary Income under the Default New Tax Regime?
- What is the accounting treatment for government grants related to assets under Ind AS?
- Determine the cash flow from investing activities during the year based on the following: Cash flow from operating activities: $50,000 Cash flow from finan...
- A company purchased machinery on 1st April 2021 for ₹12,00,000 with an estimated residual value of ₹1,20,000 and useful life of 6 years. Using straight-lin...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)