Question 37 Chapter 7 -Unimax Publication Class 12 Part 2

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

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	=	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

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