Question

From the following information obtained from the books of Kamal Ltd. Calculate (1) Gross Profit Ratio and (ii) Net Profit Ratio.

(4) Rs

Revenue from operations

Purchases

Carriage Inwards

Salaries

Decrease in inventory

Return Outwards

Wages

2,50,000

1,05,000 4,000

30,000

15,000

8,000

5,000

OR

Under which major head and sub-heads will the following items be presented in the Balance Sheet of a company as per Schedule III. Part-1 of the Companies Act, 2013.

Bank Overdraft Subsidy Reserve

Capital Redemption Reserve

Mining Rights Patents

(i)

(ii)

(iii)

(iv) (v)​

Answer 1

(iii) is the answer ....

Answer 2

Explanation:

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