2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Accounting Ratios

12th Class Accountancy Accounting Ratios Question Bank Case Based - Accounting Ratios

  • question_answer
    Read the following hypothetical extract of Aggarwal Limited and answer the given questions on the basis of the same:
    Year 2020 2019 2018
    Amount (In Rs.) (In Rs.) (In Rs.)
    Outstanding Expenses 25,000 20,000 12,500
    Prepaid Expenses 1,50,000 1,25,000 1,75,000
    Trade Pavables 9,00,000 8,00,000 7,00,000
    Inventory 6,00,000 5,00,000 5,50,000
    Trade Receivables 5,50,000 4,00,000 5,00,000
    Cash in Hand 8,50,000 6,00,000 7,50,000
    Revenue from Operations 12,00,000 9,00,000 10,00,000
    Gross Profit Ratio 12% 15% 18%
    Based on the above information you are required to answer the Following questions:
    Cost of revenue from operations for the year 2020 would be:

    A) Rs. 10,56,000

    B) Rs. 10,56,500

    C) Rs. 10,57,500   

    D) Rs. 10,58,500

    Correct Answer: A

    Solution :

    [a] Rs. 10,56,000
    Hint: Cost of Revenue from Operations
    = Revenue from Operations - Gross Profit
    =12,00,000 - 1,44,000
    = Rs. 10,56,000


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