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Solution of Q 143 Accounting Ratios TS Grewal 2023-24 [CBSE]

Question 143 of 182Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 143, Chapter 3 Accounting Ratios, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 143

  1. (i) Revenue from Operations: Cash Sales ₹ 4,20,000; Credit Sales ₹ 6,00,000; Return ₹ 20,000. Cost of Revenue from Operations or Cost of Goods Sold ₹ 8,00,000. Calculate Gross Profit Ratio.
  2. (ii) Average Inventory ₹ 1,60,000; Inventory Turnover Ratio 6 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
  3. (iii) Opening Inventory ₹ 1,00,000; Closing Inventory ₹ 60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
TS Grewal Class 12 Accounting Ratios Question 143

Solution

Solution of Q 143 Accounting Ratios TS Grewal 2023-24 part 1
Solution of Q 143 Accounting Ratios TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 143 Accounting Ratios TS Grewal 2023-24 part 3
Solution of Q 143 Accounting Ratios TS Grewal 2023-24 part 4
Solution of Q 143 Accounting Ratios TS Grewal 2023-24 part 5
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About this solution

This is Chapter 3 Accounting Ratios of TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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