# Question 94 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question No. 94- Chapter No.4 - T.S. Grewal +2 Book Part B

Question 94 Chapter 4 of +2-B

Trade Receivables Turnover Ratio

94. Calculate Trade payables Turnover Ratio from the following information:Opening Creditors Rs. 1,25,000; Opening Bills Payable Rs. 10,000; Closing Creditors Rs. 90,000; Closing bills Payable Rs. 5,000; Purchases Rs. 9,50,000; Cash Purchases Rs. 1,00,000; Purchases Return Rs. 45,000.

### The solution of Question 94 Chapter 4 of +2-B: –

 Net Credit Purchases = Purchases – Cash Purchases – Purchase Return = Rs. 9,50,000 – Rs. 1,00,000 – Rs. 45,000 = Rs. 8,05,000

 Average Trade Receivable = Opening Creditors & BP + Closing Creditors & BP 2
 = 1,25,000 + 10,000 + 90,000 + 5,000 2 = Rs. 1,15,000 Trade Receivables Turnover Ratio = Net Credit Sales Average Trade Receivable = Rs. 8,05,000 Rs. 1,15,000 = 7 Times

Balance Sheet: Meaning, Format & Examples

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