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VDO+ Tag:Question 66 Chapter 14 of Class 12 Part – 2 – 2024
66. (GP Ratio when Credit Sales are given) Calculate the Gross Profit Ratio
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Video Tag:| Purchases | ₹ 5,00,000 |
| Credit Sales | ₹ 4,00,000 |
Cash sales 20% of Total sales Revenue from Operation. Excess of closing stock over opening stock ₹ 50,000.
The solution of Question 66 Chapter 14 of Class 12 Part – 2 – 2024: –
Calculation of Gross Profit Ratio
| Total Revenue from Operation | = | Credit Revenue from Operation + Cash Revenue from Operations |
| Let the Total Revenue from Operations | = | x |
| Cash Revenue from Operations | = | 20% of x |
| Credit Revenue from Operations | = | ₹ 4,00,000 |
| x | = | x | X | ₹ 4,00,000 |
| 5 | ||||
| 5x | = | x + ₹ 20,00,000 | ||
| 5x-x | = | ₹ 20,00,000 | ||
| x | = | ₹ 20,00,000 | ||
| 4 | ||||
| Total Sales | = | ₹ 5,00,000 | ||
| Cash Revenue from Operations | = | 20 | X | ₹ 5,00,000 |
| 100 | ||||
| = | ₹ 1,00,000 |
| Cost of goods sold | = | Purchases – Excess of Closing inventory over opening inventory |
| = | ₹ 5,00,000 – ₹ 50,000 | |
| = | ₹ 4,50,000 | |
| Gross Profit | = | Total Sales – Cost of goods sold |
| = | ₹ 5,00,000 – ₹ 4,50,000 | |
| Purchase | = | ₹ 50,000 |
| Gross Profit Ratio | = | Gross Profit | X | 100 |
| Sales |
| = | ₹ 50,000 | X | ₹ 1,50,000 | |
| ₹ 5,00,000 | ||||
| = | 10% |
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Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 14 – Ratio Analysis Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
Question 3 Chapter 14 of Class 12 Part – 2 – 2024
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Question 15 Chapter 14 of Class 12 Part – 2 – 2024
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Question 27 Chapter 14 of Class 12 Part – 2 – 2024
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Question 38 Chapter 14 of Class 12 Part – 2 – 2024
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Question 50 Chapter 14 of Class 12 Part – 2 – 2024
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Question 62 Chapter 14 of Class 12 Part – 2 – 2024
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Question 74 Chapter 14 of Class 12 Part – 2 – 2024
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Question 86 Chapter 14 of Class 12 Part – 2 – 2024
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Question 98 Chapter 14 of Class 12 Part – 2 – 2024
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Question 110 Chapter 14 of Class 12 Part – 2 – 2024
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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 – Ratio Analysis
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Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication