IndigoLearn

Forums

Working Capital

Kindly see the link question and answer attached below.. Highlighted one How "*on which Normal GP is 20%*"

Attachments

IMG_20201002_125046.jpg

IMG_20201002_124957.jpg

IMG_20201002_125124.jpg

IMG_20201002_124924.jpg


Subha N

Subha N

CA Inter

4K+

02-Oct-20

49

Answers (4)

What is your doubt?


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Oct-20

Suraj Lakhotia Admin

What is your doubt?

From Normal sale value of export debtors (i e 54lacs/90%=60lacs).... On which, How do they arrive Normal GP is 20%?? is my doubt.....


Thread Starter

Subha N

Subha N

CA Inter

4K+

02-Oct-20

Gross profit is 25% and not 20%. The profit after adjustment of price is 9 lakhs and not 6 lakhs.


Suraj Lakhotia

Suraj Lakhotia

Admin

03-Oct-20

Suraj Lakhotia Admin

Gross profit is 25% and not 20%. The profit after adjustment of price is 9 lakhs and not 6 lakhs.

It is as per given only... Thank you sir...


Thread Starter

Subha N

Subha N

CA Inter

4K+

03-Oct-20

Inter Testimonials
Testimonials CA Foundation July 21
Excel Launch
Study Planner
Business Law - CA Foundation
Fundamentals of Blockchain
Quote
Financial Modelling
Refer
EMI
Past_Exams
Tally + Excel Free
Tally Prime