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Solution of Q 91 Accounting Ratios TS Grewal 2023-24 [CBSE]

Question 91 of 182Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 91, Chapter 3 Accounting Ratios, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 91

Following figures have been extracted from Shivalika Mills Ltd.:

Inventory in the beginning of the year ₹ 60,000.

Inventory at the end of the year ₹ 1,00,000.

Inventory Turnover Ratio 8 times.

Selling price 25% above cost.

Compute amount of Gross Profit and Revenue from Operations (Net Sales).

TS Grewal Class 12 Accounting Ratios Question 91

Solution

Solution of Q 91 Accounting Ratios TS Grewal 2023-24 part 1
Solution of Q 91 Accounting Ratios TS Grewal 2023-24 part 2
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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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