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Question 46 Chapter 4 of +2-B
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Table of Contents
Trade Receivable Turnover Ratio
46. (Trade Receivable T/O Ratio/Average Trade Receivable) A business firm made credit sales of (Revenue from Operation) ₹ 4,20,000 during the financial year. If the collection period is 60 days and the year is assumed to be of 360 days. Calculate (i) Trade receivable turnover ratio (ii) Average Debtors.
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The solution of Question 46 Chapter 4 of +2-B: –
Trade Receivable Turnover Ratio | = | Number of days |
Average Collection Period | ||
Trade Receivable Turnover Ratio | = | 360 |
60 | ||
= | 6 times |
Average collection period | = | Net Credit Sales |
Average Trade Receivable | ||
= | ₹ 4,20,000 | |
Average Trade Receivable | ||
Average Trade Receivable | = | ₹ 4,20,000 |
6 | ||
= | ₹ 70,000 |
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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