Question 38 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
38. calculate debtors turnover ratio and average collection period in terms of months from the following information:
| Particulars | (₹) |
| Credit sales | 60,000 |
| Debtors | 5,000 |
| Bills receivable | 5,000 |
The solution of Question 38 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
|
(I) Debtor turnover ratio |
= | Net credit sales |
| Average account receivable |
|
|
= | 60,000 |
| 5,000 + 5,000 |
|
|
= | 60,000 |
| 10,000 |
| = | 6 times |
|
Average collection period |
= | 12 months |
| DTR |
|
|
= | 12 | = | 2 months Ans. |
| 6 |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
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
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
