Question 35 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
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 |
The solution of Question 35 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
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 |
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|
|
= | 5,50,000 |
| 1,00,000 |
| = | 5.5 times Ans. |
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Accounting Ratios – Meaning and Definition
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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