Question 50 Chapter 4 of +2-B – USHA Publication 12 Class

Question 50 Chapter 4 of +2-B
Q-50- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 50 Chapter 4 of +2-B

Trade Receivable Turnover Ratio

50. (Trade Receivable T/O Ratio for Two Years) Compute the Trade receivable Turnover ratio from the following :

  2016 Year I (₹) 2017 Year II (₹)
Gross Sales (Revenue from Operation)  ₹ 9,00,000  7,50,000
Trade Receivable at the beginning of the year ₹ 83,000  1,17,000
 Trade Receivable at the end of the year  ₹ 1,17,000  83,000
Sales Returns  1,00,000 50,000

 

The solution of Question 50 Chapter 4 of +2-B: – 

Year 2016

Trade Receivable Turnover Ratio = Net Credit annual sales
Average trade receivable
     
Net Credit Sales = Total Credit Sales – Sales Return
  = ₹ 9,00,000 – ₹ 1,00,000
  = ₹ 8,00,000
     
Average Trade Receivable = Trade Receivable in the beginning + Trade Receivable at the end
2
  = ₹ 83,000 + ₹ 1,17,000
2
Average trade receivable = ₹ 1,00,000
Trade Receivable Turnover Ratio = ₹ 8,00,000
₹ 1,00,000
  = 8 times

Year 2017

Trade Receivable Turnover Ratio = Net Credit annual sales
Average trade receivable
     
Net Credit Sales = Total Credit Sales – Sales Return
  = ₹ 7,50,000 – ₹ 50,000
  = ₹ 7,00,000
     
Average Trade Receivable = Trade Receivable in the beginning + Trade Receivable at the end
2
  = ₹ 1,17,000 + ₹ 83,000
2
Average trade receivable = ₹ 1,00,000
Trade Receivable Turnover Ratio = ₹ 7,00,000
₹ 1,00,000
  = 7 times

End of Solution

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Question 02 Chapter 4 of +2-B – USHA Publication 12 Class

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

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Question 31 A Chapter 4 of +2-B – USHA Publication 12 Class

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Question 51 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 61 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 81 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 91 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 101 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 111 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 121 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

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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

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Chapter No. 12 – Financial Statement Analysis

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

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