[ISC] Q. 64 Ratio Analysis TS Grewal Solution Class 12 (2023-24)

Solution of Question number 64 of the Ratio Analysis of TS Grewal Book 2023-24 session ISC Board?

Calculate Opening and Closing Trade Payables from the following information, when Trade Payable Turnover Ratio is 4 Times:

(I) Cash Purchases 25% of Credit Purchases

(ii) Revenue from Operations is ₹ 4,00,000.

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

(iv) Opening Inventory ₹ 5,00,000 whereas Closing Inventory ₹ 6,00,000.

(v) Trade Payables at the end are 3 Times more than that of in the Opening.

Solution:-

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