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Question 62 Chapter 4 of +2-B – USHA Publication 12 Class

Question 62 Chapter 4 of +2-B
Q-62- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 62 Chapter 4 of +2-B

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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)

 20162017
Sales (Revenue from Operation) 3,00,0004,00,000
Gross profit1,00,0001,20,000

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(c)

  
Sales (Revenue from Operation)1,60,000Purchases 90,000
Sales return 10,000Purchases returns10,000
Opening Inventory30,000Closing Inventory 10,000

The solution of Question 62 Chapter 4 of +2-B: – 

     
(a) Gross Profit Ratio=Gross ProfitX100
 Net Revenue from Operation
 =₹ 42,000X100
₹ 3,00,000
 =14%  

 

(b) (i) 2014=Gross ProfitX100
 Net Revenue from Operation
 =₹ 1,00,000X100
₹ 3,00,000
 =33.3%  

 

(ii) 2015=Gross ProfitX100
 Net Revenue from Operation
 =₹ 1,20,000X100
₹ 4,00,000
 =30%  

(c)

Trading A/c
Particular
AmountParticular
Amount
To Opening Stock A/c 30,000By Sale A/c1,60,000 
To Purchases A/c90,000 Less: Returns10,0001,50,000
Less: Returns10,00080,000By Closing Stock 10,000
To Gross Profit A/c 50,000   
  1,60,000  1,60,000

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 =₹ 50,000X100
₹ 1,50,000
 =33.3%  


Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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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