Question 50 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -50 Chapter no - 7 Unimax Class - 12 Part -II
Question No -50 Chapter no - 7 Unimax Class - 12 Part -II

Question 50 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

Calculate the Gross Profit Ratio From the Following Details of a company and judge its performance.

Particulars 2021 2021 
Revenue from opening 11,20,000 15,60,000
Sales Return 1,20,000 1,60,000
Gross Profit 2,50,000 3,78,000

The solution of Question 50 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Gross Profit Ration for 2021 = 2,50,000 x 100 = 25%
10,00,000
Gross Profit Ration for 2022 = 3,78,000 x 100 = 27%
14,00,000

Performance in the year 2022 is better than in 2021. The production has also improved.  

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Accounting Ratios – Meaning and Definition

 

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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