Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question No 35 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
35. Calculate the debtors turnover ratio from the following information:
| Particulars | 2021( ₹) | 2021 (₹) |
| Gross sale | 9,00,000 | 7,50,000 |
| Opening debtors | 83,000 | 1,17,000 |
| Closing debtors | 1,17,000 | 83,000 |
| Sale returns | 1,00,000 | 50,000 |
| Cash sales | 2,50,000 | 1,50,000 |
For 2021-
|
(I) Debtor turnover ratio |
= | Net credit sales |
| Average Debtors |
| = | 9,00,000-1,00,000-2,50,000 |
| (83,000+1,17,000) 1/2 |
| = | 5,50,000 |
| 1,00,000 |
| = | 5.5 times Ans. |
(ii) For 2022-
|
(I) Debtor turnover ratio |
= | Net credit sales |
| Average Debtors |
| = | 7,50,000-50,000-1,50,000 |
| (1,17,000+83,000) 1/2 |
| = | 5,50,000 |
| 1,00,000 |
| = | 5.5 times Ans. |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 35 Chapter 7 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 35 Chapter 7 – UNIMAX Class 12 Part 2 – 2021" instantly.
