| A business has a: |
| Total revenue from operation: 6,00,000 |
| Cash revenue from operation: 20% of credit revenue from operation |
| Excess of opening inventory over closing inventory: 10,000 |
| Purchases during the year 4,00,000 |
| Wages: 40,000 |
| Inventory turnover ratio: 9 times |
| Credit Revenue of the company will be |
A) 4,00,000
B) 6,00,000
C) 1,00,000
D) 5,00,000
Correct Answer: D
Solution :
5,00,000
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