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

  • question_answer
    Gross profit ratio is 25%, Purchase of stock would result in

    A) Increase the gross profit ratio

    B) Decrease the gross profit ratio

    C) No change in Gross profit ratio

    D) Both a and b

    Correct Answer: A

    Solution :

    Increase the gross profit ratio


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