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Question 93 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 93 Chapter 4 of +2-B
Question No. 93- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 93 Chapter 4 of +2-B

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Trade Receivables Turnover Ratio

93. Calculate Trade Payables Turnover Ratio and Average Debt payment Period from the following information:

 1st April 201831st March 2019
 Rs.Rs.
Sundry Creditors 1,50,0004,50,000
Bills Payable50,0001,50,000

Total Purchases Rs. 21,00,000; Purchases Return Rs. 1,00,000; Cash Purchases Rs. 4,00,000.

The solution of Question 93 Chapter 4 of +2-B: –

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Average Trade ReceivableOpening Trade Receivable + Closing Trade Receivable
2
 1,50,000 + 50,000 + 4,50,000 + 1,50,000
2
 =Rs. 4,00,000
Trade Receivables Turnover Ratio=Net Credit Sales
  Average Trade Receivable
 =Rs. 16,00,000
Rs. 4,00,000
 =4 Times

 

Average Debt Payment Period=12
Trade Payables Turnover Ratio
Average Debt Payment Period=12
4
 =3 Months

 

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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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