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DK Goel Solutions Q 119 Chapter 3 Accounting Ratios Class 12 CBSE [2023-24]

Question 119 of 120Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 119, Chapter 3 Accounting Ratios, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 119

A Company has a loan of ₹ 30,00,000 as part of its capital employed. Interest payable on the loan is 12% and the R.O.I. of the company is 25%. The rate of income tax is 40%. What is the gain to shareholders due to the loan raised by the company?

DK Goel Class 12 Accounting Ratios Question 119

Solution

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About this solution

This is Chapter 3 Accounting Ratios of DK Goel For 2024 Examinations.

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 the Accountancy Board Exam.

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