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Home Questions VNZ9TFX7XH
Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

Percentage of increase in turnover over the last year is calculated as:

Options:

Absolute increase in turnover x 100/turnover of the last year

Percentage increase in turnover x 100/turnover of the last year

100 x turnover of last year/turnover of current year

None of the above

Correct Answer:

Absolute increase in turnover x 100/turnover of the last year

Explanation:

The correct answer is option 1-  Absolute increase in turnover x 100/turnover of the last year.

The percentage increase in turnover over the last year is calculated using the following formula:

Percentage increase = Absolute increase in turnover/ Turnover of the last year x 100.

The percentage increase in any item is calculated as follows- Absolute Increase or Decrease /Previous Year Absolute Figure x 100.

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