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Question 123 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 123 Chapter 4 of +2-B
Question No. 123- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 123 Chapter 4 of +2-B

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Operating Ratio

123. Cash Sales Rs. 2,20,000; Credit Sales Rs. 3,00,000; Sales Return Rs.
20,000; Gross Profit Rs. 1,00,000; Operating Expenses Rs. 25,000; Non
-operating incomes Rs. 30,000; Non-operating Expenses Rs. 5,000.
Calculate Net Profit Ratio.

 

The solution of Question 123 Chapter 4 of +2-B: –

 

Net Sales=Cash Sales + Credit Sales – Sales Return
 =Rs. 2,20,000 + Rs. 3,00,000 – Rs. 20,000
 =Rs. 5,00,000
Net Profit=Gross Profit – Operating Expenses – Non-operating Expenses + Non-operating Incomes
 =Rs. 1,00,000 – Rs. 25,000 – Rs. 5,000 + Rs. 30,000
 =Rs. 1,00,000

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Operating Ratio=Operating CostX100
Net Sales
Operating Ratio=Rs. 1,00,000X100
Rs. 5,00,000
 =20%  

 

 

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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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