Question

)Following information is available for the year 2019-20, calculate gross profit ratio: Revenue from Operations: Cash Rs. 25,000 : Credit Rs.75,000 Purchases : Cash Rs.15,000 : Credit Rs.60,000 Carriage Inwards Rs.2,000 Salaries Rs.25,000 Decrease in Inventory Rs.10,000 Return Outwards Rs.2,000 Wages Rs.5,000

Answer 1

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