Read the following hypothetical text and answer the given questions: | |||||||||||||||
The motto of Tharma Ltd.' a company engaged in the manufacturing of low-cost generic medicines, is 'Healthy India'. Its management and employees are hardworking honest and motivate The net profit of the company doubled during the year ended 31st March, 2020. Encouraged by its performance, the company decided to give bonus to all employees at double the rate than last year. | |||||||||||||||
Statement of Profit and Loss for the year ended 31st March. 2020
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Based on the above information you are required to answer the following questions: | |||||||||||||||
Cost of revenue from operations for the year will be: |
A) Rs. 11,75,000
B) Rs. 11,25,000
C) Rs. 50,000
D) Rs. 10,75,000
Correct Answer: A
Solution :
[a] 11,75,000 |
Hint: Cost of Revenue from Operations = Cost of Materials Consumed + Changes in Inventories of Finished Goods and WIP = Rs. 11,25,000 + Rs. 50,000 = Rs. 11,75,000 |
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