Question 85 Chapter 4 of +2-B - T.S. Grewal 12 Class

Question 85 Chapter 4 of +2-B

Trade Receivables Turnover Ratio

85. Closing Trade Receivables Rs. 1,20,000, Revenue from Operations Rs.
14,40,000. Provision for Doubtful Debts Rs. 20,000.
Calculate the Trade Receivables Turnover Ratio.

The solution of Question 85 Chapter 4 of +2-B: -

Closing Trade Receivables	=	Rs. 1,20,000
Revenue from Operations	=	Rs. 14,40,000

 

Trade Receivable Turnover Ratio	=	Credit Revenue from Operations
		Average Trade Receivable

=	Rs. 14,40,000
	Rs. 1,20,000
=	12 Times

 

 

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 - Accounting for Partnership Firms - Fundamentals
• Chapter No. 3 - Goodwill: Nature and Valuation
• Chapter No. 4 - Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 - Admission of a Partner
• Chapter No. 6 - Retirement/Death of a Partner
• Chapter No. 7 - Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 - Company Accounts -  Accounting for Share Capital
• Chapter No. 9 - Company Accounts - Issue of Debentures
• Chapter No. 10 - Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis 
• Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
• Chapter No. 4 - Accounting Ratios
• Chapter No. 5 - Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication