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Question 104 Chapter 4 of +2-B – USHA Publication 12 Class

Q-104- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 104 Chapter 4 of +2-B

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Miscellaneous (Analytical Questions)

104. (GP Ratio/Operating Profit Ratio/Current Ratio/Liquidity Ratio) From the following information related to the year ending 31s, March, 2018, Calculate the following ratios :
(i) Gross Profit ratio (ii) Operating Profit ratio
(iii) Current ratio (iv) Liquidity ratio

  
Opening Inventories1,52,000Carriage inward4,000
Purchases 6,30,500Sales (Revenue from Operation)10,01,000
Wages 10,000Closing Inventories1,96,000
Administrative Expenses2,02,000Non-operating income12,000
Selling and Distribution Expenses 24,000  
Financial Expenses 4,000  

 

BALANCE SHEET  
(AS AT 31st MARCH, 2018)  
Particulars 
I. Equity and Liabilities 
Shareholders’ Funds 
Share Capital 
Equity Share Capital 7,00,000
Reserves and Surplus 
Balance of Profit and Loss (Profit for the current year) 1,68,000
Reserves 12,000
Current Liabilities 
Short-term Borrowings : 
Bank Overdraft7,000
Trade Payable 30,000
 9,17,000
II. Assets :  
Non-Current Assets  
Tangible Assets  
Fixed Assets6,01,000
Current Assets 
Inventory1,96,000
Trade Receivable90,000
Bank 30,000
 9,17,000

 

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The solution of Question 104 Chapter 4 of +2-B: – 

 

(i) Gross Profit Ratio=Gross ProfitX100
Net Sales
     
 =₹ 4,00,000X100
 ₹ 10,01,000
 =39.96%  

 

(ii) Operating Ratio=Operating CostX100
Net Sales
     
 =₹ 1,60,000X100
 ₹ 10,01,000
 =15.98%  

 

(iii) Current Ratio=Current Assets
Current Liabilities
   
 =₹ 3,16,000
 ₹ 37,000
 =8.54 : 1
(iv) Liquidity Ratio=Liquid Assets
Current Liabilities
 = 
 =₹ 1,20,000
 ₹ 37,000
 = 3.24 : 1
   

 

Gross Profit=Sales – Cost of goods sold
 =₹ 10,01,000 – ₹ 6,01,000
 =₹ 4,00,000
Cost of goods sold=Opening Inventory + Purchases + wages + carriage inward – closing inventory
 =₹ 1,52,500 + ₹ 6,30,500 + ₹ 10,000 + ₹ 4,000 – ₹ 1,96,000
 =₹ 6,01,000
Operating Profit=Net Profit + Non operating expenses – non-operating incomes
 =₹ 1,68,000 + ₹ 4,000 – ₹ 12,000
 =₹ 1,60,000
Liquidity Assets=Trade receivable + Bank
 =₹ 90,000 + ₹ 30,000
 =₹ 1,20,000

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Question 06 Chapter 4 of +2-B – USHA Publication 12 Class

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

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Question 18 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 24 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 30 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 35 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 41 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 47 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 53 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 59 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 65 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 77 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 83 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 89 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 95 Chapter 4 of +2-B – USHA Publication 12 Class

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

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Question 107 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 113 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 119 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

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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

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