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Some doubts related to illustrations in the study material.

1. On the last illustration of Buildwell Ltd in the Insurance chapter, why is the denominator taken as total of adjusted standard turnover (12,70,000) when calculating Gross Profit Ratio and not previous year's turnover? 2. On the last illustration of Gram Udyog in the Departmental Accounts chapter, what is the meaning of adjustment no.1?


Kishore Anil

Kishore Anil

CA Inter

395

21-Feb-21 21:50

28

Answers (1)

1. 12,70,00 is the previous year's turnover only 2. What is your query? Can you be more clear. Also, if you have two different queries post them separately


ruchi lahoti

ruchi lahoti

Moderator

26-Feb-21 15:31