From the following details, prepare a statement of proprietory funds with as many details as possible: The

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From the following details, prepare a statement of proprietory funds with as many details as possible: image text in transcribed

The gross profit was ₹60,000; Reserves and surplus amounted to ₹20,000; Closing stock was ₹5,000 in excess of opening stock.

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Management Accounting Text Problems And Cases

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From the following details, prepare a statement of proprietory funds with as many details as possible: The

Question:

(a) Stock velocity = 6 (b) Capital turnover = 2 (c) Fixed assets turnover ratio = 4 (d) Gross profit turnover ratio = 20 (e) Debtors velocity = 2 months (f) Creditors velocity = 73 days

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Management Accounting Text Problems And Cases

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