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Question 43 Chapter 4 of +2-B
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Table of Contents
Trade Receivable Turnover Ratio
43. (Trade Receivable T/O Ratio) Trade Receivable in the beginning ₹ 90,000; Trade Receivable at the end ₹ 96,000 credit sales during the year ₹ 4,65,000. Calculate trade receivable turnover ratio.
The solution of Question 43 Chapter 4 of +2-B: –
Trade Receivable Turnover Ratio | = | Net Credit annual sales |
Average trade receivable |
Average trade receivable | = | Opening trade receivable + Closing trade receivable |
2 | ||
= | ₹ 90,000 + ₹ 96,000 | |
2 | ||
Average Inventory | = | ₹ 93,000 |
Net Credit annual sales | = | ₹ 4,65,000 |
Trade Receivable Turnover Ratio | = | ₹ 4,65,000 |
₹ 40,000 | ||
Trade Receivable Turnover Ratio | = | 5Times |
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Also, Check out the solved question of previous Chapters: –
Usha 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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