Question 48 Chapter 4 of +2-B - USHA Publication 12 Class

Question 48 Chapter 4 of +2-B

Trade Receivable Turnover Ratio

48. (Trade Receivable T/O Ratio/Debt Collection Period) From the following particulars, you are required to determine
(a) Trade Receivable turnover ratio
(b) Average age of Trade Receivable.

Credit Sales (Revenue from Operation)	₹ 10,00,000
Trade Receivable Jan. 1	₹ 1,50,000
Trade Receivable Dec. 31	₹ 2,50,000
Days to be taken for a year 365.

The solution of Question 48 Chapter 4 of +2-B: –

Net Credit sales	=	₹ 10,00,000
Trade Receivable Turnover Ratio	=	Net Credit annual sales
Trade Receivable Turnover Ratio	=	Average trade receivable

Trade Receivable Turnover Ratio	=	₹ 10,00,000
Trade Receivable Turnover Ratio	=	₹ 2,00,000*

	=	5 Times

Average collection period	=	Number of days
		Trade Receivable Turnover ratio

	=	365
		5

	=	73 Days

Average Trade Receivable	=	Opening Trade Receivable + Closing Trade Receivable
		2

	=	₹ 1,50,000 + ₹ 2,50,000
		2
	=	₹ 4,00,000
		2
Average trade receivable	=	₹ 5,00,000

End of Solution

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Question 48 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter No. 8 – Company Accounts (Share Capital)

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