Use the following information to answer the question below

Use the following information to answer the question below

Opening stock---------2,300
Purchases-------------11,874
Sales--------------------18,600
Closing stock-----------3,600
Cost of goods sold---11,500

What is the rate of stock turnover?

When allotment of shares is made applicants for shares of a company become 

The objective of a departmental accounts is to ascertain the 

In departmental accounting, when goods are sent from one department to another for sale the transaction is treated as  

A branch that keeps its own records prepares the records of transactions with the head office in the