12th Class Accountancy Accounting Ratios Question Bank MCQs - Accounting Ratios

  • question_answer
    Credit revenue from operation 5,00,000; Cash revenue from operation- 20% of total revenue from operation; Excess of opening inventory over closing inventory 75,000; Purchases 3,62,500. Gross profit ratio will be:

    A) 30%

    B) 40%

    C) 38.20%

    D) 39.20%

    Correct Answer: A

    Solution :


You need to login to perform this action.
You will be redirected in 3 sec spinner