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Question 37 Chapter 7 - Unimax Publication Class 12 Part 2 - 2021
37. From the following figures, calculate the debtor’s turnover ratio:
| Particulars | 2021(₹) | 2022(₹) |
| Gross sale | 9,50,000 | 8,00,000 |
| Sale returns | 50,000 | 50,000 |
| Opening debtors | 86,000 | 1,17,000 |
| Closing debtors | 1,17,000 | 86,000 |
| Provision for doubtful debts | 7,000 | 6,000 |
For 2021:
|
(I) Debtor turnover ratio |
= | Net credit sales |
| Average Debtors |
| = | 9,50,000 -50,000 |
| (86,000 + 1,17,000) 1/2 |
| = | 9,00,000 |
| 1,01,500 |
| = | 8.867 times Ans. |
(ii) Feb 2022:
|
(I) Debtor turnover ratio |
= | Net credit sales |
| Average Debtors |
| = | 8,00,000 -50,000 |
| (1,17,000 +86,000) 1/2 |
| = | 7,50,000 |
| 1,01,500 |
| = | 7.389 times Ans. |
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