# Question 101 Chapter 4 of +2-B – USHA Publication 12 Class

Q-101- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 101 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

101. (GP Ratio/Inventory T/O Ratio/Trade Receivable T/O Ratio) From the followings information calculate. (i) Gross Profit Ratio (ii) Inventory Turnover Ratio
Revenue from Operation ₹ 1,50,000, Cost of Revenue from Operation ₹ 1,20,000, Opening inventory ₹ 27,000, Closing inventory ₹ 33,000. Trade Receivables ₹ 14,000 Bills Receivable ₹ 6,000

## The solution of Question 101 Chapter 4 of +2-B: –

 (a) Gross Profit Ratio = Gross Profit X 100 Net Sales = = ₹ 30,000 X 100 ₹ 1,50,000 = 20%

 (ii) Inventory Turnover Ratio = Cost of goods sold Average Inventory = = ₹ 1,20,000 ₹ 30,000 = 4 times
 (iii) Trade Receivable Turnover Ratio = Net Credit Sales Average Trade Receivable = = ₹ 1,50,000 ₹ 20,000 = 7.5 times

Working Notes

 Gross Profit = Net Sales – Cost of goods sold = ₹ 1,50,000 – ₹ 1,20,000 = ₹ 30,000

 Average Inventory = Opening Inventory + Closing Inventory 2 = ₹ 27,000 + 33,000 2 = ₹ 30,000

 Average Trade Receivable = Opening Trade Receivable + Closing Trade Receivable 2 = ₹ 14,000 + 6,000 2 = ₹ 20,000

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 14 – Accounting Ratios Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 01 Chapter 4 of +2-B – USHA Publication 12 Class

Question 07 Chapter 4 of +2-B – USHA Publication 12 Class

Question 13 Chapter 4 of +2-B – USHA Publication 12 Class

Question 19 Chapter 4 of +2-B – USHA Publication 12 Class

Question 25 Chapter 4 of +2-B – USHA Publication 12 Class

Question 31 Chapter 4 of +2-B – USHA Publication 12 Class

Question 36 Chapter 4 of +2-B – USHA Publication 12 Class

Question 42 Chapter 4 of +2-B – USHA Publication 12 Class

Question 48 Chapter 4 of +2-B – USHA Publication 12 Class

Question 54 Chapter 4 of +2-B – USHA Publication 12 Class

Question 60 Chapter 4 of +2-B – USHA Publication 12 Class

Question 66 Chapter 4 of +2-B – USHA Publication 12 Class

Question 72 Chapter 4 of +2-B – USHA Publication 12 Class

Question 78 Chapter 4 of +2-B – USHA Publication 12 Class

Question 84 Chapter 4 of +2-B – USHA Publication 12 Class

Question 90 Chapter 4 of +2-B – USHA Publication 12 Class

Question 96 Chapter 4 of +2-B – USHA Publication 12 Class

Question 102 Chapter 4 of +2-B – USHA Publication 12 Class

Question 108 Chapter 4 of +2-B – USHA Publication 12 Class

Question 114 Chapter 4 of +2-B – USHA Publication 12 Class

Question 120 Chapter 4 of +2-B – USHA Publication 12 Class

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication