Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Compute Gross Profit Ratio from the following- Particulars $ Opening Inventory 60,000 (Including loose tools $ 10,000) Closing Inventory 90,000 (Including loose tools $

image text in transcribed

.

Compute Gross Profit Ratio from the following- Particulars $ Opening Inventory 60,000 (Including loose tools $ 10,000) Closing Inventory 90,000 (Including loose tools $ 15,000) 1,00,000 Cash Revenue from operations Credit Revenue from operations 1,70,000 Returns Outward 15,000 Purchases 2,90,000 Advertisement Expenses 30,000 Carriage Inward 10,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Process Audits And 6 Sigma Excellence To Mitigate Risk And Improve Business Performance

Authors: Mr Indulis Laimonis Svikis

1st Edition

B09M5FPYR4, 979-8769768996

More Books

Students also viewed these Accounting questions

Question

Would you change the ending of the book? If so, how?

Answered: 1 week ago

Question

Develop clear policy statements.

Answered: 1 week ago

Question

Draft a business plan.

Answered: 1 week ago

Question

Describe the guidelines for appropriate use of the direct plan.

Answered: 1 week ago