Question 39 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
39. From the following calculate creditors turnover ratio and the average payment period:
| Particulars | (₹) |
| Total purchases | 2,75,000 |
| Cash purchases [include in the above] | 60,000 |
| Purchases returns | 35,000 |
| Creditors at the end | 45,000 |
| Bills payable at the end | 15,000 |
| Reserve for discount on creditors | 7,200 |
The solution of Question 39 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
|
Creditors turnover ratio |
= | Net credit sales |
| Average account payable |
|
|
= | 2,75,000 – 60,000 -35,000 |
| 45,000 + 15,000 |
|
|
= | 1,80,000 |
| 60,000 |
| = | 3 times |
|
Average collection period |
= | 12 months |
| DTR |
|
|
= | 12 | = | 4 months Ans. |
| 3 |
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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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