[ISC] Q. 57 Ratio Analysis TS Grewal Solution Class 12 (2023-24)

Solution of Question number 57 of the Ratio Analysis of TS Grewal Book 2023-24 session ISC Board?

From the following information, calculate Opening and Closing Trade Receivables, if Trade Receivables Turnover Ratio is 3 Times:

(i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations.

(ii) Cost of Revenue from Operations is ₹ 3,00,000.

(iii) Gross Profit is 25% of the Revenue from Operations.

(iv) The Opening Trade Receivables is 1/3rd of Closing Trade Receivables

Solution:-

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