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In departmental accounts,to find profit on closing stock ,2800 if gp ratio is 22.92%,can I fo this way ?? 2800 * 22.92 ÷ 122.92
Reetikaa R
CA Inter
★ 7K+
12-Dec-20 21:44
332
Answers (3)
Are you considering GP ratio on cost or sales?
CA Suraj Lakhotia
Admin
13-Dec-20 05:22
Cost sir
Thread Starter
13-Dec-20 16:40
Then your approach is right.
14-Dec-20 17:22