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CBSE Class 12-commerce Answered

Sir, can you solve this question ???
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Asked by mahendraprasad74 | 20 Jan, 2020, 10:04: AM
answered-by-expert Expert Answer
Gross space Profit space Ratio equals space fraction numerator Gross space Profit over denominator Net space Sales end fraction cross times 100 Given space that colon space Credit space Sales space are space 80 percent sign space of space Total space Sales comma space which space means space Cash space Sales space are space 20 percent sign space of space Total space Sales colon Therefore comma space Total divided by Net space Sales space equals space fraction numerator Cash space Sales over denominator 20 end fraction cross times 100 space equals space fraction numerator 2 comma 00 comma 000 over denominator 20 end fraction cross times 100 space equals space 10 comma 00 comma 000 Also comma space given space that colon space Net space Profit space equals 20 percent sign space left parenthesis assuming space 20 percent sign space of space Net space Sales right parenthesis Therefore comma space Net space Profit space equals space 20 percent sign space cross times 10 comma 00 comma 000 space equals space 2 comma 00 comma 000 Also comma space Net space Profit space equals Gross space Profit space minus space Operating space Expenses Therefore comma Gross space Profit space equals space Net space Profit space plus space Operating space Expenses Gross space Profit space equals space 2 comma 00 comma 000 space plus space 70 comma 000 space equals space 2 comma 70 comma 000 Therefore comma Gross space Profit space Ratio equals space fraction numerator Gross space Profit over denominator Net space Sales end fraction cross times 100 space equals fraction numerator 2 comma 70 comma 000 over denominator 10 comma 00 comma 000 end fraction cross times 100 space equals space 27 percent sign
Answered by Surabhi Gawade | 20 Jan, 2020, 11:23: AM

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Solve it-
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Asked by raksha2sanubth | 13 Jul, 2020, 11:19: AM
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A and B shared profits in the ratio of 7:3. They dissolved the firm and appointed A to realise the assets . A is to be received 6% commission on the amount realised from Stock, Debtors, B/R and Shares The position of the firm was as follows: - Liablities Rs Assets Rs. Creditors 60000 Plant and Machinery 20000 Repairs and Renewable Reserve 4000 Prepaid Insurance 1200 Bank Loan 20000 Stock 60000 A's Capital A/c 50000 100 shares in D.C.M. Ltd. 5000 B's Capital A/c 20000 Sundry Debtors 38000 B/R 6000 Cash at Bank 8800 A's Current A/c 5000 Profit & Loss Account 10000 154000 154000 Informations : I. A realised the assets as follows: - Full amount from Sundry Debtors and except from one for 2,OOO being insolvent. Stock realised e 52,000,; Shares in D.C.M. were sold for 60 each D_C.M. were sold for each. 2. Half the trade creditors accepted plant and machinery at an agreed valuation of 10% less than the book value and cash of 7000 in full settlement of claims. 3. Remaining creditors were paid off at a discount of 10%. Expenses of realisation amounted to Rs. 700. 4. One quarter's tax amounting to 1500 was due and had to be paid 5. There was a contingent liability amounting to 13,000. It was settled for Rs. 6000. 6. Bank Loan was discharged along with interest due for two months @18% pa Prepare necessary accounts
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