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Question 36 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -36 Chapter no - 7 Unimax Class - 12 Part -II
Question No -36 Chapter no - 7 Unimax Class - 12 Part -II

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Question 36 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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36. Calculate the amount of opening debtors and closing debtors from the following:

Net Credit Sales₹ 1,80,000
Debtor Turnover Ratio4 times
Closing debtors are two times in comparison to opening debtors 

The solution of Question 36 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

(I) Debtor turnover ratio

=Net credit sales 
average debtors

 

 

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Turnover ratio

=1,80,000
Average Debtors

 

 

 

Average Debtors

=1,80,000
4
 =₹ 45,000
Let opening debtors=x
Let closing debtors=2x

Average Debtors

=opening debtors+closing debtors
2

 

 

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45,000

=x + 2x
2
90,000=3x
x=₹ 30,000
Opening Debtors=x =2 x30,000
Closing Debtors=2x = 2x 30,000
 =₹60,000 Ans.

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Accounting Ratios – Meaning and Definition

 

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication

 

 

 

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