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Illustration 81. Following information is available for the year ended 31st March, 2015. Calculate Gross Profit Ratio: Cash Sales Purchases: Cash Credit Carriage Inwards Salaries * 25,000 15,000 *60,000 * 2,000 * 25,000 Decrease in Inventory Returns Outward (in Hundreds 10,000 2,000 5,000 1:1 Wages Ratio of Cash Sales and Credit Sales

Illustration 81. Following information is available for the year ended 31st March, 2015. Calculate Gross Profit Ratio: Cash Sales Purchases: Cash Credit Carriage Inwards Salaries * 25,000 15,000 *60,000 * 2,000 * 25,000 Decrease in Inventory Returns Outward (in Hundreds 10,000 2,000 5,000 1:1 Wages Ratio of Cash Sales and Credit Sales

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Illustration 81. Following information is available for the year ended 31st March, 2015. Calculate Gross Profit Ratio: Cash Sales Purchases: Cash Credit Carriage Inwards Salaries 25,000 15,000 *60,000 ₹2,000 25,000 (in Hundreds) 10,000 2,000 * 5,000 1:3 Decrease in Inventory Returns Outward Wages Ratio of Cash Sales and Credit Sales
Transcribed Image Text:Illustration 81. Following information is available for the year ended 31st March, 2015. Calculate Gross Profit Ratio: Cash Sales Purchases: Cash Credit Carriage Inwards Salaries 25,000 15,000 *60,000 ₹2,000 25,000 (in Hundreds) 10,000 2,000 * 5,000 1:3 Decrease in Inventory Returns Outward Wages Ratio of Cash Sales and Credit Sales
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