Question 49 Chapter 4 of +2-B – USHA Publication 12 Class

Question 49 Chapter 4 of +2-B
Q-49- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 49 Chapter 4 of +2-B

Trade Receivable Turnover Ratio

49. (Trade Receivable T/O Ratio when Provision for Doubtful Debt is given) ABC Ltd Provides the following information

Trade Receivable in the beginning ₹ 10,00,000 
Trade Receivable at the end  ₹ 1,50,000 
 Cash sales during the year (Revenue from Operation) ₹ 2,50,000 
Credit sales during the year (Revenue from Operation)  
Return inwards   
Provision for bad and doubtful debts  

 

The solution of Question 49 Chapter 4 of +2-B: – 

 

Trade Receivable Turnover Ratio = Net Credit annual sales
Average trade receivable
     
Net Credit Sales = Total Credit Sales – Sales Return
  = ₹ 2,50,000 – ₹ 10,000
  = ₹ 2,40,000
     
Average Trade Receivable = Trade Receivable in the beginning + Trade Receivable at the end
2
  = ₹ 50,000 + ₹ 30,000
2
Average trade receivable = ₹ 40,000
Trade Receivable Turnover Ratio = ₹ 2,40,000
₹ 40,000
  = 6 times
Average Collection Period = Number of days in the year
Trade Receivable turnover ratio
Average trade receivable = 360
6
     
Average Collection Period = 60 Days

End of Solution

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Question 03 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 13 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 23 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 32 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 42 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 52 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 62 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 72 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 82 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 92 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 102 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 112 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

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Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

Check out Part 1 of both books.

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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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