Question 82 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 82 Chapter 4 of +2-B

Question 82 Chapter 4 of +2-B

Interest Coverage Ratio

82. Compute Trade Receivables Turnover Ratio from the following:

  31st March 2018 31st March 2019
Revenue from Operations (net Sales) 8,00,000 7,00,000
Debtors in the beginning of the year 83,000 1,17,000
Debtors at the end of year 1,17,000 83,000
Sales Return 1,00,000 50,000

 

The solution of Question 82 Chapter 4 of +2-B: –

In 2017

Average Debtors Opening Debtors + Closing Debtors
2
Average Debtors Rs. 83,000 + Rs. 1,17,000
2
  = Rs. 1,00,000

 

Trade Receivable Turnover Ratio Net Sales
Average Debtors
Trade Receivable Turnover Ratio Rs. 8,00,000
1,00,000
  = 8 Times

 

In 2018

Average Debtors Opening Debtors + Closing Debtors
2
Average Debtors Rs. 1,17,000 + Rs. 83,000
2
  = Rs. 1,00,000

 

 

Trade Receivable Turnover Ratio Net Sales
Average Debtors
Trade Receivable Turnover Ratio Rs. 7,00,000
1,00,000
  = 7 Times

 

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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T.S. Grewal’s Analysis of Financial Statements

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