ACCOUNTING RATIOS- Operating Ratio T.S.Grewal Class 12 Accounts Question 149, 150, 151 Session 2024

ACCOUNTING RATIOS- Operating Ratio T.S.Grewal Class 12 Accounts Question 149, 150, 151 Session 2024

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149. Calculate Cost of Revenue from Operations from the following information: Revenue from Operations 12,00,000; Operating Ratio 75%; Operating Expenses 1,00,000.

[Ans.: Cost of Revenue from Operations = 8,00,000.]

150. Calculate Operating Ratio from the following information: Operating Cost 6,80,000; Gross Profit 25%; Operating Expenses 80,000. [

Ans.: Operating Ratio = 85%.]

[Hints: 1. Operating Cost = Cost of Revenue from Operations + Operating Expenses 6,80,000 = Cost of Revenue from Operations + ₹80,000 Cost of Revenue from Operations = 6,00,000. 2. Revenue from Operations = 6,00,000 × 100/75 = 8,00,000.]

151. (i) Cost of Revenue from Operations (Cost of Goods Sold) 2,20,000; Revenue from Operations (Net Sales) 3,20,000; Selling Expenses 12,000; Office Expenses 8,000; Depreciation 6,000. Calculate Operating Ratio.

(ii) Revenue from Operations, Cash Sales 4,00,000; Credit Sales Office and Selling Expenses 50,000. Calculate Operating Ratio. 1,00,000; Gross Profit₹ 1,00,000;

[Ans.: (i) 76.875%; (ii) 90%.]

[Hint: (i) Operating Expenses = Selling Expenses + Office Expenses + Depreciation.]

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