Question 112 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 112 Chapter 4 of +2-B

Question 112 Chapter 4 of +2-B

Operating Ratio

112. Operating Ratio 92%; Operating Expenses Rs. 94,000; Revenue from
Operations Rs. 6,00,000; Sales Return 40,000. Calculate Cost of Revenue
from Operations (Cost of Goods Sold)

 

The solution of Question 112 Chapter 4 of +2-B: –

 

Net Sales = Rs. 6,00,000
Operating Ratio = 92%

 

Revenue from Operations = Gross Profit X 100
Net Sales
92% = Operating Cost X 100
Rs. 5,00,000
  = 84%
   

 

Operating Cost = Rs. 6,00,000 x 92%
Operating Cost = Rs. 5,52,000
Operating Cost = Cost of Goods Sold + Operating Expenses
Rs. 5,52,000 = Cost of Goods Sold + Rs. 94,000
Cost of Goods Sold = Rs. 5,52,000 – Rs. 94,000
  = Rs. 4,58,000

 

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)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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2 Book 3 min 225x300 - Question 112 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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