Use the following information to answer the given questions

$\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}$

The stock turnover is

Similar Questions

Transactions are recorded or posted to the ledger in line with ...

The receipt and payment s acpunt of a not-for-profit-making organization plays a similar role in a p...

At the end of trading period, cost of goods sold is debited to the trading account while cost of ser...

Return inwards was understated. The effect is that ...

The acid test ratio in the company is ...

Jan. 1 Received 1,000 units at N10 each Jan. 2 Received 2,000 units at N12 each Jan. 3 Issued 1,50...

                           &nb...

When the factory cost of production has been ascertained, manufactured goods are transferred to trad...

The balancing figure in the purchases ledger control account is? ...

Calculate the net profit? ...