Question 47 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
47. Calculating operating ratio from following trading and profit & loss account of pioneer Ltd.
| Particulars | Amount | Particulars | Amount |
| To stock [1.12022] | 45,000 | by Sales (less : sales returns) | 3,00,000 |
| To Purchases | 1,10,000 | by stock [31-12-2022] | 55,000 |
| To Wages | 15,000 | ||
| To Gross Profit c/d | 1,85,000 | ||
| 3,55,000 | 3,55,000 | ||
| To Administrative expenses | 6,000 | By Gross Profit b/d | 1,85,000 |
| To Selling Expenses | 8,000 | By Rent Received | 10,000 |
| To Interest Paid | 14,000 | ||
| To net Profit | 1,67,000 | ||
| 1,95,000 | 1,95,000 |
The solution of Question 47 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| C.O.G.S | = | opening stock + net purchases + direct expenses – closing stocks. |
| = |
45,000 + 1,10 000 + 15,000 – 55,000 |
|
| = | ₹1,15,000 | |
| Operating cost | = | C.O.G.S + Operating expenses |
| = | 1,15,000 +6,000+8,000 | |
| = | ₹1,29,000 |
| Operating Ratio | = | Opening cost | x | 100 |
| Net sales |
| = | 1,29,000 | x | 100 | |
| 3,00,000 | ||||
| = | 43 % Ans. |
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Accounting Ratios – Meaning and Definition
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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