# Question 90 Chapter 4 of +2-B – T.S. Grewal 12 Class Question No. 90- Chapter No.4 - T.S. Grewal +2 Book Part B

Question 90 Chapter 4 of +2-B

90. From the following information, calculate Opening and Closing Trade
Receivables, if Trade Receivables Turnover Ratio is 3 Times:
I Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations.
II Cost of Revenue from Operations is 3,00,000.
III Gross Profit is 25% of the Revenue from Operations.
IV Trade Receivables at the end are 3 Times more than that of in the beginning.

### The solution of Question 90 Chapter 4 of +2-B: –

 Trade Receivables Turnover Ratio = Credit Revenue from Operations Average Trade Receivable
 3 = Rs. 3,00,000 Average Trade Receivable = Rs. 3,00,000 3 Average Trade Receivable = Rs. 1,00,000

 Rs. 1,00,000 = x + 4x 2 Rs. 2,00,000 = 5x 5x Rs. 2,00,000 = Rs. 2,00,000 5 X = Rs. 40,000 Opening Trade Receivables = Rs. 40,000 Closing Trade Receivables = Rs. 40,000 x 4 = Rs. 1,60,000

 Revenue from Operations = Rs. 3,00,000 + 25 x Rs.3,00,000 75 = Rs. 4,00,000

Balance Sheet: Meaning, Format & Examples

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