Question 69 Chapter 7 -Unimax Publication Class 12 Part 2

Question 69 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

Table of Contents

The solution of Question 69 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

69. Calculate creditors turnover ratio from the following information:

Particulars	₹
Closing creditors	45,000
[including 15,000 due to supplier of new furniture]
Net purchases	3,60,000
Reserve for discount on closing creditors	15,000

The solution of Question 69 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Closing creditors	=	45000 – 15000
	=	30,000

As only these creditors are included in it while are for the goods in which the business deal. So, these creditors for assets purchased. So, these should be excluded.