Q. 178 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 178 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following information, calculate trade receivables turnover ratio:
| ₹ | |
| Credit Sales | 14,80,000 |
| Sales Returns | 20,000 |
| Debtors | 2,50,000 |
| Bills Receivables | 42,000 |
| Provision for Doubtful Debts | 1,500 |
[Ans. Trade Receivables turnover Ratio 5 times.]
Solution:-
Hint:- Provision for Doubtful Debts is not deducted from Trade Receivables for the calculation of this ratio.
