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VDO+ Tag:Question 49 Chapter 14 of Class 12 Part – 2 – 2024
Trade Receivable Turnover Ratio
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Video Tag:49. (Trade Receivable T/O Ratio when Provision for Doubtful Debt is given) ABC Ltd Provides the following information
| Trade Receivable in the beginning | ₹ 50,000 |
| Trade Receivable at the end | ₹ 30,000 |
| Cash sales during the year (Revenue from Operation) | ₹ 1,00,000 |
| Credit sales during the year (Revenue from Operation) | ₹ 2,50,000 |
| Return inwards | ₹ 10,000 |
| Provision for bad and doubtful debts | ₹ 5,000 |
The solution of Question 49 Chapter 14 of Class 12 Part – 2 – 2024: –
| Trade Receivable Turnover Ratio | = | Net Credit annual sales |
| Average trade receivable | ||
| Net Credit Sales | = | Total Credit Sales – Sales Return |
| = | ₹ 2,50,000 – ₹ 10,000 | |
| = | ₹ 2,40,000 | |
| Average Trade Receivable | = | Trade Receivable in the beginning + Trade Receivable at the end |
| 2 |
| = | ₹ 50,000 + ₹ 30,000 | |
| 2 | ||
| Average trade receivable | = | ₹ 40,000 |
| Trade Receivable Turnover Ratio | = | ₹ 2,40,000 |
| ₹ 40,000 | ||
| = | 6 times |
| Average Collection Period | = | Number of days in the year |
| Trade Receivable turnover ratio | ||
| Average trade receivable | = | 360 |
| 6 | ||
| Average Collection Period | = | 60 Days |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication