InterviewSolution
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From the following Statement of Profit and Loss of Yash Ltd. for the year ended 31st March 2016, Compute Operating Ratio : STATEMENT OF PROFIT AND LOSS for the year ended 31st March, 2016 ParticularsNoteRs. NoI.Revenue from Operations(Sales)16,00,000II.Add:Other Incomes40,000III.Total Revenue I + II¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯16,40,000–––––––––––IV.Less:ExpensesPurchase of Stock-in-Trade9,60,000Changes in Inventories of Stock in Trade (25,000)Employee Benefit Expenses 1,80,000Finance Costs 46,000Depreciation and Amortization Expenses 40,000Other Expenses1 1,15,000Total Expenses¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯13,16,000–––––––––––VProfit before Tax(III−IV)3,24,000–––––––––– Notes to Accounts : ParticularsRs.1.Other Expenses:Administrative Expenses70,000Selling Expenses31,000Loss on Sale of Machinery14,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,15,000–––––––––– |
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Answer» From the following Statement of Profit and Loss of Yash Ltd. for the year ended 31st March 2016, Compute Operating Ratio : STATEMENT OF PROFIT AND LOSS for the year ended 31st March, 2016 ParticularsNoteRs. NoI.Revenue from Operations(Sales)16,00,000II.Add:Other Incomes40,000III.Total Revenue I + II¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯16,40,000–––––––––––IV.Less:ExpensesPurchase of Stock-in-Trade9,60,000Changes in Inventories of Stock in Trade (25,000)Employee Benefit Expenses 1,80,000Finance Costs 46,000Depreciation and Amortization Expenses 40,000Other Expenses1 1,15,000Total Expenses¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯13,16,000–––––––––––VProfit before Tax(III−IV)3,24,000–––––––––– Notes to Accounts : ParticularsRs.1.Other Expenses:Administrative Expenses70,000Selling Expenses31,000Loss on Sale of Machinery14,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,15,000–––––––––– |
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