Question 37 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
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 |
The solution of Question 37 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
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 |
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|
|
= | 7,50,000 |
| 1,01,500 |
| = | 7.389 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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