ACCOUNTING RATIOS T.S.GREWAL CH-3 ( TRADE RECEIVABLES TURNOVER RATIO) Que No-101,102,103,104,105 скачать в хорошем качестве

ACCOUNTING RATIOS T.S.GREWAL CH-3 ( TRADE RECEIVABLES TURNOVER RATIO) Que No-101,102,103,104,105

ACCOUNTING RATIOS T.S.GREWAL CH-3 ( TRADE RECEIVABLES TURNOVER RATIO) Que No-101,102,103,104,105 Class 12 accounts session 2023-24 101. Compute Trade Receivables Turnover Ratio from the following: 31st March, 2022 (₹) 31st March, 2023 (₹) Revenue from Operations (Net Sales) 83,000 1,17,000 Debtors in the beginning of year 1,17,000 83,000 Debtors at the end of year 50,000 Sales Return [Ans.: 31st March, 2022 =R Times; 31st March, 2023 = 7 Times.] 102. Closing Trade Receivables 1,20,000, Revenue from Operations 14,40,000. Provision for Doubtful Debts 20,000. Calculate Trade Receivables Turnover Ratio. [Ans.: Trade Receivables Turnover Ratio = 12 Times.] 103. Closing Trade Receivables 4,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables \times_{2,00,000; Revenue from Operations, i.e., Net Sales ₹15,00,000. Calculate Trade Receivables Turnover Ratio. [Ans.: Trade Receivables Turnover Ratio = 4 Times.] [Hints: 1. Net Credit Sales = Total Sales - Cash Sales =\mathbb{F}15,00,000-20\%~of^{*}15,00,000=\mathbb{F}12,00,000 2. Opening Trade Receivables = Closing Trade Receivables - Excess of Closing Trade Receivables over Opening Trade Receivables.] 104. A firm normally has Trade Receivables equal to two months' Credit Sales. During the coming year it expects Credit Sales of 7,20,000 spread evenly over the year (12 months). What is the estimated amount of Trade Receivables at the end of the year? [Ans.: Estimated Trade Receivables =^{Z}1.20,000.] 105. Mercury Ltd. made Credit Sales of 4,00,000 during the financial period. If the collection period is 36 days and year is assumed to be 360 days, calculate: (i) Trade Receivables Turnover Ratio; (ii) Average Trade Receivables; (iii) Trade Receivables at the end when Trade Receivables at the end are more than that in the beginning by 6,000. [Ans.: (i) Trade Receivables Turnover Ratio = 10 Times; (ii ) Average Trade Receivables =^{Z}40,000; (iii) Trade Receivables in the beginning = 37,000; Trade Receivables at the end =^{Z}43,000.] #msacademyaccounts #tsgrewal2023 #accountancy #accounts #accountingratios #tradereceivableturnoverratio