In clause 32 of form 3CD we hav to give the accounting ratios,
can anyone guide me what will be the formulae for calculating Stock-in-trade/turnover ratio?
CA. Praveen
(Chartered Accountant)
(119 Points)
Replied 23 September 2010
Hi,
It is expressed as 1 : XX.
So to express as above, You Divide turnover / year end Cl. Stock.
Assume the answer of above is 16%
Therfore Stock-in-trade/turnover ratio = 1 : 16
I think you are cleared from my small help.
Anybody with different solution is appreciated.
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