Question 103 Chapter 4 of +2-B
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Video Tag:Gross Profit Ratio
103. Compute Gross Profit Ratio from the following information:
Cost of Revenue from Operations Cost of Goods Sold Rs. 5,40,000;
Revenue from Operations Net Sales Rs. 6,00,000.
The solution of Question 103 Chapter 4 of +2-B: –
Gross Profit | = | Revenue from Operations – Cost of Revenue from Operations |
= | Rs. 6,00,000 – Rs. 5,40,000 | |
Gross Profit | = | Rs. 60,000 |
Revenue from Operations | = | Gross Profit | X | 100 |
Revenue from Operations |
Revenue from Operations | = | 60,000 | X | 100 |
6,00,000 | ||||
= | 10% |
Balance Sheet: Meaning, Format & Examples
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Also, Check out the solved question of previous Chapters: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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