Query

Accountancy

In departmental accounts,to find profit on closing stock ,2800 if gp ratio is 22.92%,can I fo this way ?? 2800 * 22.92 Ã· 122.92

Reetikaa R

CA Final

★ 7K+

12-Dec-20 21:44

683

Answers (3)

Are you considering GP ratio on cost or sales?

CA Suraj Lakhotia

Admin

13-Dec-20 05:22

Cost sir

Thread Starter

Reetikaa R

CA Final

★ 7K+

13-Dec-20 16:40

Thread Starter

Reetikaa R

Cost sir

Then your approach is right.

CA Suraj Lakhotia

Admin

14-Dec-20 17:22

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