Question 62 Chapter 4 of +2-B
Table of Contents
Profitability Ratio
62. (G.P. Ratio) (a) From the following particulars calculate gross profit ratio :
₹ | |
Gross profit | 42,000 |
Net sales (Revenue from Operation) | 3,00,000 |
(b)
2016 | 2017 | |
Sales (Revenue from Operation) | 3,00,000 | 4,00,000 |
Gross profit | 1,00,000 | 1,20,000 |
(c)
₹ | ₹ | ||
Sales (Revenue from Operation) | 1,60,000 | Purchases | 90,000 |
Sales return | 10,000 | Purchases returns | 10,000 |
Opening Inventory | 30,000 | Closing Inventory | 10,000 |
The solution of Question 62 Chapter 4 of +2-B: –
(a) Gross Profit Ratio | = | Gross Profit | X | 100 |
Net Revenue from Operation | ||||
= | ₹ 42,000 | X | 100 | |
₹ 3,00,000 | ||||
= | 14% |
(b) (i) 2014 | = | Gross Profit | X | 100 |
Net Revenue from Operation | ||||
= | ₹ 1,00,000 | X | 100 | |
₹ 3,00,000 | ||||
= | 33.3% |
(ii) 2015 | = | Gross Profit | X | 100 |
Net Revenue from Operation | ||||
= | ₹ 1,20,000 | X | 100 | |
₹ 4,00,000 | ||||
= | 30% |
(c)
Trading A/c |
|||||
Particular |
Amount | Particular |
Amount | ||
To Opening Stock A/c | 30,000 | By Sale A/c | 1,60,000 | ||
To Purchases A/c | 90,000 | Less: Returns | 10,000 | 1,50,000 | |
Less: Returns | 10,000 | 80,000 | By Closing Stock | 10,000 | |
To Gross Profit A/c | 50,000 | ||||
1,60,000 | 1,60,000 |
= | ₹ 50,000 | X | 100 | |
₹ 1,50,000 | ||||
= | 33.3% |
Also, Check out the solved question of previous Chapters: –
Usha 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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