Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

Q-71- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 71 Chapter 4 of +2-B

IV. Profitability Ratios

71. (GP Ratio & Operating Ratio) Opening Inventory ₹ 80,000 ; Purchases ₹ 4,30,900 ; Direct expenses ₹ 4,000 ; Closing Inventory ₹ 1,60,000 ; Administrative expenses ₹ 21,100 ; Selling and distribution expenses ₹ 40,000 ; Sales (Revenue from Operation) ₹ 10,00,000 Calculate.
(a) Gross profit ratio
(b) Operating ratio

The solution of Question 71 Chapter 4 of +2-B: –

 (1) Gross Profit Ratio = ₹ 6,45,100 X ₹ 2,00,000 ₹ 10,00,000 = 64.51%
 (2) Net Profit Ratio = ₹ 4,16,000 X 8,00,000 ₹ 10,00,000 = 41.6%
 Gross Profit = Net Sales + Closing stock – (opening stock + net purchases + Direct Expenses) = ₹ (10,00,000 + 1,60,000) – ( 80,000 + 4,30,900 + 4,000) = ₹ 6,45,100 Cost of goods sold = Sales – Gross Profit = ₹ 10,00,000 – ₹ 6,45,100 = ₹ 3,54,900 Operating Cost = Cost of goods sold + Operating Expenses = ₹ 3,54,900 + ₹ 61,100 = ₹ 4,16,000

End of Solution

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Question 119 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

Check out Part 1 of both books.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication