Question: In this problem available information is not enough to solve ratios asked so that need to prepare Trading Account to identify values which are

In this problem available information is not enough to solve ratios asked so that need to prepare Trading

In this problem available information is not enough to solve ratios asked so that need to prepare Trading Account to identify values which are not given in the question. Compute sales amount, average inventory, cost of goods sold and current ratio. Particular To Opening Stock To Purchase: Cash: Credit: Less: P/R To Gross Profit 1,38,000 3,78,000 5,16,000 18,000 Trading Account Amount Rs. 96,000 4,98,000 1,50,000 7,44,000 Particular By Sales: Cash: 1,50,000 Credit: Less: S/R By Closing Stock 4.56.000 6,06,000 6,000 Amount Rs. 6,00,000 1,44,000 7,44,000

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