ACCOUNTING RATIOS T.S.GREWAL CH-3 ( TRADE RECEIVABLES TURNOVER RATIO )Que No- 97,98,99,100 Class- 12 скачать в хорошем качестве

ACCOUNTING RATIOS T.S.GREWAL CH-3 ( TRADE RECEIVABLES TURNOVER RATIO )Que No- 97,98,99,100 Class- 12

ACCOUNTING RATIOS T.S.GREWAL CH-3 ( TRADE RECEIVABLES TURNOVER RATIO )Que No- 97,98,99,100 Class- 12 Accounts Session 2023-24 97. Credit Revenue from Operations, i.e., Net Credit Sales for the year 12,00,000 Debtors 1,20,000 Bills Receivable 80,000 Calculate Trade Receivables Turnover Ratio. [Ans.: Trade Receivables Turnover Ratio = 6 Times.] 98. Calculate Trade Receivables Turnover Ratio from the following information: Opening Balances (2) Closing Balances (*) Sundry Debtors 28,000 25,000 Bills Receivable 7,000 15,000 Provision for Doubtful Debts 1,500 4,500 Total Sales 1,00,000; Sales Return ₹ 1,500; Cash Sales 23,500. [Ans.: Trade Receivables Turnover Ratio = 2 Times.] [Hint: Provision for Doubtful Debts is not deducted from Trade Receivables (i.e., Debtors + Bills Receivable) to calculate Trade Receivables Turnover Ratio.] 99. Closing Trade Receivables 90,000, Revenue from Operations ₹7,20,000, Cash Revenue from Operations 1,80,000. Provision for Doubtful Debts ₹ 8,000. Calculate Trade Receivables Turnover Ratio. [Ans.: Trade Receivables Turnover Ratio = 6 Times.] 100. Closing Trade Receivables 1,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables 40,000; Revenue from Operations, i.e., Net Sales 6,00,000. Calculate Trade Receivables Turnover Ratio. [Ans.: Trade Receivables Turnover Ratio = 6 Times.] #msacademyaccounts #tsgrewal2023 #accountingratios #accountancy #accounts #tradereceivableturnoverratio