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‘Sale of goods Rs. 23,000 for cash will not affect the operating ratio.’ Is the statement correct? Give reason. (C.B.S.E. 2020. Rajasthan)

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

The statement is correct.
Reason: The Revenue from Operations and the Cost of Revenue from Operations will increase by the same percentage.


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Previous Post‘Purchase of goods Rs. 35,000 for cash will increase the operating ratio.’ Is the statement correct? Give reasons.
Next Post‘Sale of goods Rs. 3,000 for cash will increase the Gross Profit Ratio.’ Is this statement correct? Give reason in support of your answer. (C.B.S.E. 2020. Kolkata, Lucknow)

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